Schonfeld Strategic Advisors LLC Buys 55,608 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 154.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,625 shares of the basic materials company's stock after buying an additional 55,608 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in DuPont de Nemours were worth $6,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DD. Level Four Advisory Services LLC grew its stake in shares of DuPont de Nemours by 2.8% during the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock worth $357,000 after buying an additional 129 shares during the last quarter. Lake Street Advisors Group LLC grew its holdings in DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock worth $323,000 after acquiring an additional 132 shares during the last quarter. Global Trust Asset Management LLC raised its position in DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after purchasing an additional 133 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of DuPont de Nemours by 22.7% during the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after acquiring an additional 137 shares during the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of DuPont de Nemours by 2.6% in the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock worth $429,000 after purchasing an additional 143 shares during the period. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded down $0.17 during midday trading on Tuesday, hitting $65.14. The company's stock had a trading volume of 1,216,012 shares, compared to its average volume of 2,413,956. The stock has a fifty day moving average price of $69.49 and a 200 day moving average price of $76.46. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The firm has a market capitalization of $27.26 billion, a price-to-earnings ratio of 39.01, a P/E/G ratio of 2.15 and a beta of 1.07.

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

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.52%. DuPont de Nemours's dividend payout ratio is presently -863.16%.

Wall Street Analyst Weigh In

DD has been the subject of several research analyst reports. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price objective for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Citigroup reduced their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Barclays decreased their price target 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. UBS Group cut their price target on shares of DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Royal Bank of Canada reduced their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.07.

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.