Jennison Associates LLC Acquires 8,385 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Jennison Associates LLC raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 420,065 shares of the basic materials company’s stock after purchasing an additional 8,385 shares during the period. Jennison Associates LLC owned approximately 0.10% of DuPont de Nemours worth $32,316,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DD. Invesco Ltd. raised its position in DuPont de Nemours by 6.7% during the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after purchasing an additional 639,246 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of DuPont de Nemours by 9,558.5% during the 4th quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock worth $21,934,000 after buying an additional 282,166 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in DuPont de Nemours by 210.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 350,840 shares of the basic materials company’s stock valued at $26,169,000 after buying an additional 237,770 shares in the last quarter. Payden & Rygel Investment Group bought a new position in DuPont de Nemours in the third quarter valued at about $15,104,000. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new position in DuPont de Nemours in the third quarter valued at about $11,213,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $73.96 on Thursday. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $30.92 billion, a PE ratio of 79.53, a PEG ratio of 2.42 and a beta of 1.40. The stock’s 50 day moving average price is $73.03 and its 200-day moving average price is $72.12. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.38 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Analysts Set New Price Targets

Several equities research analysts recently commented on DD shares. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, Barclays lowered their price objective on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $77.90.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by company insiders.

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.