DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Point72 Italy S.r.l.

Point72 Italy S.r.l. decreased its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,492 shares of the basic materials company's stock after selling 6,608 shares during the period. DuPont de Nemours makes up 3.1% of Point72 Italy S.r.l.'s portfolio, making the stock its 10th largest holding. Point72 Italy S.r.l.'s holdings in DuPont de Nemours were worth $5,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised 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 purchasing an additional 353,010 shares during the last quarter. Franklin Resources Inc. boosted its position in DuPont de Nemours by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after acquiring an additional 483,722 shares during the last quarter. Northern Trust Corp raised its stake in shares of DuPont de Nemours by 16.3% during the 4th 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 raised its stake in shares of DuPont de Nemours by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after purchasing an additional 336,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of DuPont de Nemours by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock worth $236,909,000 after purchasing an additional 417,359 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

DD has been the topic of several recent research reports. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on 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. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their price objective for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. KeyCorp raised their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.15.

DuPont de Nemours Trading Up 1.7%

DuPont de Nemours stock traded up $1.13 during trading hours on Friday, hitting $69.31. The stock had a trading volume of 2,957,817 shares, compared to its average volume of 2,456,660. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a market cap of $29.01 billion, a price-to-earnings ratio of 41.50, a P/E/G ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The business's 50 day simple moving average is $67.53 and its 200-day simple moving average is $75.50.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the company earned $0.79 earnings per share. The firm's revenue was up 4.6% compared to the same quarter last year. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm 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 is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.37%. DuPont de Nemours's payout ratio is currently -863.16%.

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.