DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 224.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,306 shares of the basic materials company’s stock after buying an additional 2,980 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in DuPont de Nemours were worth $328,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on DD. JPMorgan Chase & Co. reduced their price target on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Barclays reduced their target price on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. UBS Group cut their price target on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.07.

DuPont de Nemours Stock Performance

Shares of DD opened at $68.10 on Friday. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The stock has a market cap of $28.50 billion, a P/E ratio of 40.78, a PEG ratio of 2.15 and a beta of 1.07. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $67.67 and a two-hundred day moving average of $75.65.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the company earned $0.79 EPS. DuPont de Nemours’s revenue was up 4.6% on a year-over-year basis. As a group, research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.41%. DuPont de Nemours’s dividend payout ratio (DPR) is -863.16%.

About DuPont de Nemours

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.