Headlands Technologies LLC Purchases 1,127 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Headlands Technologies LLC lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 126.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,015 shares of the basic materials company’s stock after purchasing an additional 1,127 shares during the period. Headlands Technologies LLC’s holdings in DuPont de Nemours were worth $154,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DD. Norges Bank bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $146,605,000. Prudential Financial Inc. increased its position in DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock worth $97,492,000 after purchasing an additional 986,366 shares during the period. Assenagon Asset Management S.A. raised its holdings in DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after purchasing an additional 859,333 shares during the last quarter. Schroder Investment Management Group lifted its position in DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after purchasing an additional 756,604 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of DuPont de Nemours in the 4th quarter valued at about $50,063,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $58.96 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a market capitalization of $24.65 billion, a PE ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 1.25. The stock has a 50 day simple moving average of $77.71 and a 200 day simple moving average of $80.36. DuPont de Nemours, Inc. has a 52-week low of $56.18 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.78%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is 98.20%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DD shares. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. BMO Capital Markets raised their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. UBS Group upped their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Citigroup raised their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.