Point72 Hong Kong Ltd Purchases 33,324 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Point72 Hong Kong Ltd raised its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 364.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,471 shares of the basic materials company's stock after purchasing an additional 33,324 shares during the quarter. Point72 Hong Kong Ltd's holdings in DuPont de Nemours were worth $3,238,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth approximately $26,000. Aster Capital Management DIFC Ltd increased its stake in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares during the period. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the fourth quarter worth $29,000. Vision Financial Markets LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $31,000. Finally, Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at approximately $33,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DD shares. Barclays cut their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Citigroup reduced their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. BMO Capital Markets boosted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of 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. Finally, Morgan Stanley cut 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. 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, DuPont de Nemours has an average rating of "Moderate Buy" and an average target price of $85.15.

DuPont de Nemours Stock Down 0.2%

DD traded down $0.16 on Tuesday, reaching $68.77. 718,001 shares of the company traded hands, compared to its average volume of 2,991,368. The stock's 50 day moving average price is $67.40 and its 200-day moving average price is $75.35. The company has a market cap of $28.78 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. 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 (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.38%. DuPont de Nemours's payout ratio is presently -863.16%.

DuPont de Nemours Company 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.