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

Aigen Investment Management LP boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 63.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,900 shares of the basic materials company’s stock after purchasing 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 quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours in the first quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the second quarter worth approximately $27,000. Denver PWM LLC acquired a new stake in DuPont de Nemours during the second quarter worth approximately $28,000. Fortitude Family Office LLC increased its holdings in DuPont de Nemours by 46.6% in the second 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 in the last quarter. Finally, Quarry LP acquired a new position in DuPont de Nemours in the second quarter valued at approximately $37,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DD. Morgan Stanley lifted their price objective on shares of 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. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted 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 note on Thursday, August 1st. Barclays lifted their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Price Performance

Shares of DD stock traded down $0.24 during trading hours on Tuesday, reaching $83.39. The stock had a trading volume of 54,847 shares, compared to its average volume of 2,488,007. The stock’s fifty day simple moving average is $84.30 and its 200 day simple moving average is $81.40. The firm has a market capitalization of $34.85 billion, a PE ratio of 44.01, a PEG ratio of 2.01 and a beta of 1.35. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.44 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 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.92 EPS. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

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

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.