Two Sigma Advisers LP Cuts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Two Sigma Advisers LP lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 36.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 903,400 shares of the basic materials company’s stock after selling 512,500 shares during the period. Two Sigma Advisers LP owned approximately 0.22% of DuPont de Nemours worth $68,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $26,000. Aster Capital Management DIFC Ltd grew its position in DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares during the period. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at $29,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at $31,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth $33,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DD has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley lowered their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, May 5th. UBS Group cut their target price on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company dropped their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.15.

DuPont de Nemours Trading Down 0.6%

Shares of DuPont de Nemours stock opened at $68.90 on Tuesday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The company has a market capitalization of $28.83 billion, a P/E ratio of 41.26, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a fifty day moving average of $67.40 and a 200 day moving average of $75.35.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s payout ratio is currently -863.16%.

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.