DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 24.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,990 shares of the basic materials company’s stock after selling 7,373 shares during the period. Y Intercept Hong Kong Ltd’s holdings in DuPont de Nemours were worth $2,049,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in DD. MML Investors Services LLC boosted its stake in DuPont de Nemours by 73.4% during the third quarter. MML Investors Services LLC now owns 84,394 shares of the basic materials company’s stock worth $7,520,000 after buying an additional 35,710 shares during the period. Zacks Investment Management acquired a new position in shares of DuPont de Nemours in the 3rd quarter worth approximately $42,810,000. National Bank of Canada FI boosted its position in shares of DuPont de Nemours by 82.0% during the 3rd quarter. National Bank of Canada FI now owns 491,736 shares of the basic materials company’s stock worth $43,819,000 after purchasing an additional 221,606 shares during the period. EP Wealth Advisors LLC increased its holdings in DuPont de Nemours by 61.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 14,799 shares of the basic materials company’s stock valued at $1,319,000 after purchasing an additional 5,642 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its stake in DuPont de Nemours by 72.2% during the third quarter. Insigneo Advisory Services LLC now owns 5,180 shares of the basic materials company’s stock worth $462,000 after purchasing an additional 2,171 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.9 %

Shares of NYSE DD opened at $83.54 on Tuesday. The company has a market capitalization of $34.92 billion, a price-to-earnings ratio of 43.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The business has a 50-day moving average of $84.19 and a two-hundred day moving average of $82.12. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts forecast that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently commented on DD. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. 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 report on Monday, October 21st. Finally, Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

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.