DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Man Group plc

Man Group plc reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 40.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 408,735 shares of the basic materials company's stock after selling 280,705 shares during the quarter. Man Group plc owned 0.10% of DuPont de Nemours worth $31,166,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DD. Vanguard Group Inc. grew its holdings in DuPont de Nemours by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock worth $3,552,961,000 after acquiring an additional 353,010 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after purchasing an additional 483,722 shares during the last quarter. Northern Trust Corp grew its stake in DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after purchasing an additional 690,218 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in DuPont de Nemours by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock valued at $260,276,000 after buying an additional 336,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in DuPont de Nemours by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock valued at $236,909,000 after buying an additional 417,359 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Down 0.2%

DD opened at $68.10 on Friday. The stock's 50 day moving average price is $67.67 and its 200 day moving average price is $75.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a market cap of $28.50 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same quarter in the prior year, the business posted $0.79 earnings per share. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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 given a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.41%. DuPont de Nemours's dividend payout ratio (DPR) is -863.16%.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of research analyst reports. Mizuho lowered their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Wolfe Research upgraded shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a research note on Friday, January 17th. KeyCorp raised their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Barclays decreased their price target on shares of 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. Finally, StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.07.

DuPont de Nemours 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.

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