Citigroup Inc. significantly increased its stake in DuPont de Nemours, Inc. by over 20% in the third quarter, now owning 572,650 shares valued at $44.6 million. Other institutional investors like Vanguard Group Inc. and State Street Corp also raised their holdings, indicating strong institutional interest with 73.96% of the stock owned by such investors. DuPont de Nemours recently announced positive quarterly earnings, a dividend, a $2 billion share repurchase program, and has received several “buy” or “outperform” ratings from analysts, with a consensus target price of $51.86.
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Citigroup Inc. Boosts Stock Position in DuPont de Nemours, Inc. $DD
Citigroup Inc. significantly increased its stake in DuPont de Nemours, Inc. by over 20% in the third quarter, now owning 572,650 shares valued at $44.6 million. Other institutional investors like Vanguard Group Inc. and State Street Corp also raised their holdings, indicating strong institutional interest with 73.96% of the stock owned by such investors. DuPont de Nemours recently announced positive quarterly earnings, a dividend, a $2 billion share repurchase program, and has received several “buy” or “outperform” ratings from analysts, with a consensus target price of $51.86.