Aigen Investment Management LP Purchases 6,950 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Aigen Investment Management LP grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 63.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 17,900 shares of the basic materials company’s stock after acquiring an additional 6,950 shares during the period. Aigen Investment Management LP’s holdings in DuPont de Nemours were worth $1,595,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DD. ESL Trust Services LLC bought a new position in DuPont de Nemours during the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours in the 2nd quarter worth approximately $27,000. Denver PWM LLC bought a new position in shares of DuPont de Nemours during the 2nd quarter valued at $28,000. Fortitude Family Office LLC raised its position in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares during the period. Finally, Quarry LP bought a new stake in DuPont de Nemours in the second quarter worth $37,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DD has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded down $0.24 during trading on Tuesday, reaching $83.39. 54,847 shares of the company traded hands, compared to its average volume of 2,488,007. The stock has a market capitalization of $34.85 billion, a PE ratio of 44.01, a P/E/G ratio of 2.01 and a beta of 1.35. The firm has a 50 day simple moving average of $84.30 and a 200-day simple moving average of $81.40. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. DuPont de Nemours’s payout ratio is presently 80.00%.

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.