Adage Capital Partners GP L.L.C. Decreases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Adage Capital Partners GP L.L.C. decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 23.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,501 shares of the basic materials company's stock after selling 93,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.07% of DuPont de Nemours worth $22,913,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Choreo LLC boosted its stake in DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock valued at $3,296,000 after purchasing an additional 8,205 shares during the period. Merit Financial Group LLC boosted its position in DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock valued at $1,410,000 after buying an additional 4,939 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in DuPont de Nemours during the 4th quarter worth $1,343,000. Grandfield & Dodd LLC grew its holdings in shares of DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after purchasing an additional 3,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after acquiring an additional 91,108 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

DD has been the subject of several recent research reports. UBS Group decreased their price target on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets upped their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Barclays cut their target price on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday. KeyCorp raised shares of DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 price target on the stock in a research report on Monday, April 14th. Finally, Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of "Moderate Buy" and an average target price of $85.79.

DuPont de Nemours Price Performance

DD stock traded up $0.18 during mid-day trading on Tuesday, reaching $65.85. 2,011,963 shares of the company traded hands, compared to its average volume of 2,420,453. The company has a fifty day moving average price of $71.07 and a 200-day moving average price of $77.13. 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 52-week low of $53.77 and a 52-week high of $90.06. The company has a market capitalization of $27.56 billion, a P/E ratio of 39.43, a P/E/G ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share 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. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.49%. DuPont de Nemours's dividend payout ratio (DPR) is 98.20%.

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.