DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP reduced its holdings in DuPont de Nemours by 18.4%, selling 6,182 shares and bringing its total to 27,454 shares valued at approximately $2,050,000.
• Vanguard Group Inc. and other large investors increased their stakes, with Vanguard now owning 46.9 million shares worth around $3.5 billion, after a 0.6% increase in the first quarter.
• DuPont de Nemours reported a quarterly earnings per share of $1.12, exceeding expectations, and recently declared a dividend of $0.41 per share, resulting in an annualized yield of 2.3%.

Aigen Investment Management LP lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 18.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,454 shares of the basic materials company's stock after selling 6,182 shares during the period. Aigen Investment Management LP's holdings in DuPont de Nemours were worth $2,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management raised its position in DuPont de Nemours by 48.8% during the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock worth $333,000 after acquiring an additional 1,464 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in DuPont de Nemours by 334.4% during the first quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock worth $19,122,000 after acquiring an additional 197,115 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in DuPont de Nemours by 6.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock worth $6,003,000 after acquiring an additional 4,995 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in DuPont de Nemours by 11.8% during the first quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock worth $4,069,000 after acquiring an additional 5,751 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in shares of DuPont de Nemours by 37.4% during the first quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock worth $1,787,000 after buying an additional 6,509 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Trading Up 3.0%

DuPont de Nemours stock traded up $2.09 during trading on Tuesday, reaching $71.99. The company had a trading volume of 3,126,596 shares, compared to its average volume of 3,276,263. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The stock's 50 day moving average price is $71.47 and its two-hundred day moving average price is $71.57. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of -153.17, a PEG ratio of 1.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the firm earned $0.97 earnings per share. DuPont de Nemours's revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's payout ratio is currently -348.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price target for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Royal Bank Of Canada lifted their price target on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a report on Friday. Morgan Stanley lowered their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Mizuho lifted their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $88.25.

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.