Two Sigma Investments LP Sells 876,246 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Two Sigma Investments LP decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 66.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 444,959 shares of the basic materials company's stock after selling 876,246 shares during the quarter. Two Sigma Investments LP owned 0.11% of DuPont de Nemours worth $33,928,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DD. Norges Bank acquired a new position in DuPont de Nemours in the fourth quarter worth approximately $146,605,000. Marshall Wace LLP grew its position in DuPont de Nemours by 228.8% in the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after buying an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. grew its position in DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after buying an additional 986,366 shares during the last quarter. Schroder Investment Management Group grew its position in DuPont de Nemours by 194.7% in the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after buying an additional 756,604 shares during the last quarter. Finally, Northern Trust Corp grew its position in 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. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DD. Wall Street Zen cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. UBS Group lifted their price objective on shares of DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays lowered their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets lifted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Bank of America upgraded shares of 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. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Stock Down 0.6%

Shares of DD stock traded down $0.39 on Friday, hitting $67.62. The company's stock had a trading volume of 1,748,454 shares, compared to its average volume of 2,435,392. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The firm's fifty day moving average price is $66.71 and its 200-day moving average price is $75.03. The stock has a market capitalization of $28.30 billion, a price-to-earnings ratio of 40.49, 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the business earned $0.79 EPS. DuPont de Nemours's quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.43%. DuPont de Nemours's dividend payout ratio is presently -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.