Virtu Financial LLC Takes $2.12 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Virtu Financial LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,328 shares of the basic materials company’s stock, valued at approximately $2,119,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at approximately $25,000. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours in the first quarter worth $26,000. LifeSteps Financial Inc. acquired a new stake in shares of DuPont de Nemours in the first quarter worth $28,000. Denver PWM LLC acquired a new position in DuPont de Nemours during the 2nd quarter valued at $28,000. Finally, Cassady Schiller Wealth Management LLC raised its stake in DuPont de Nemours by 153.5% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 261 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 1.1 %

Shares of DuPont de Nemours stock opened at $82.88 on Wednesday. The stock has a market capitalization of $34.65 billion, a P/E ratio of 101.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The company has a 50-day simple moving average of $80.56 and a 200 day simple moving average of $78.37.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. Research analysts expect that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.83%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DD. Citigroup dropped their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. UBS Group boosted their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. Finally, Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $103.00 in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Company 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.