Citizens Financial Group Inc RI Grows Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Citizens Financial Group Inc RI grew its holdings in DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 97.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,460 shares of the basic materials company’s stock after acquiring an additional 7,154 shares during the quarter. Citizens Financial Group Inc RI’s holdings in DuPont de Nemours were worth $1,168,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DD. Ibex Wealth Advisors purchased a new stake in DuPont de Nemours in the third quarter worth $25,000. Masso Torrence Wealth Management Inc. purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at $25,000. FSB Premier Wealth Management Inc. purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at $26,000. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at $26,000. Finally, First National Bank of South Miami purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at $27,000. Institutional investors and hedge funds own 73.33% of the company’s stock.

DuPont de Nemours stock opened at $66.41 on Wednesday. The company has a quick ratio of 2.38, a current ratio of 2.82 and a debt-to-equity ratio of 0.40. DuPont de Nemours, Inc. has a 52 week low of $62.10 and a 52 week high of $86.28. The company has a market capitalization of $33.77 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.03 and a beta of 1.39. The stock has a 50-day moving average price of $70.29 and a 200 day moving average price of $75.65.

DuPont de Nemours (NYSE:DDGet Rating) last released its earnings results on Tuesday, May 3rd. The basic materials company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.15. DuPont de Nemours had a return on equity of 7.88% and a net margin of 9.79%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.21 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue was down 17.7% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.4 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.99%. The ex-dividend date is Friday, May 27th. DuPont de Nemours’s dividend payout ratio is currently 44.15%.

DuPont de Nemours declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 8th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the basic materials company to purchase up to 2.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

DD has been the topic of several research reports. Credit Suisse Group cut their price target on DuPont de Nemours from $95.00 to $86.00 in a research note on Wednesday, May 4th. Mizuho cut their target price on DuPont de Nemours from $101.00 to $97.00 in a research note on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft cut their target price on DuPont de Nemours from $90.00 to $80.00 in a research note on Wednesday, May 4th. Citigroup cut their target price on DuPont de Nemours from $98.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, February 9th. Finally, KeyCorp cut their target price on DuPont de Nemours from $99.00 to $96.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Buy” and a consensus target price of $90.25.

About DuPont de Nemours (Get Rating)

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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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