Sherbrooke Park Advisers LLC Acquires New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Sherbrooke Park Advisers LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 17,042 shares of the basic materials company's stock, valued at approximately $1,299,000. DuPont de Nemours comprises approximately 0.4% of Sherbrooke Park Advisers LLC's portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DD. Vanguard Group Inc. raised its position 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 valued at $3,552,961,000 after purchasing an additional 353,010 shares during the last quarter. Franklin Resources Inc. grew its position in DuPont de Nemours by 7.5% in the 4th 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 period. Northern Trust Corp boosted its holdings in shares of 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 buying an additional 690,218 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of 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 worth $260,276,000 after buying an additional 336,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in DuPont de Nemours by 15.5% in 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 buying an additional 417,359 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 1.6%

NYSE DD traded down $1.12 during trading hours on Wednesday, hitting $67.82. The company had a trading volume of 1,068,521 shares, compared to its average volume of 3,001,346. The firm's 50 day moving average is $67.28 and its 200 day moving average is $75.30. 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 company has a market capitalization of $28.38 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating 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 business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the business earned $0.79 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share 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. Shareholders of record on Friday, May 30th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's payout ratio is -863.16%.

Analysts Set New Price Targets

Several brokerages have issued reports on DD. Citigroup dropped their target price on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group boosted their price objective on shares of DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday. Mizuho cut their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Barclays lowered their target price on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Finally, StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $85.92.

About DuPont de Nemours

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.