Y Intercept Hong Kong Ltd Sells 7,373 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Y Intercept Hong Kong Ltd lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 24.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,990 shares of the basic materials company's stock after selling 7,373 shares during the period. Y Intercept Hong Kong Ltd's holdings in DuPont de Nemours were worth $2,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DD. MML Investors Services LLC raised its stake in shares of DuPont de Nemours by 73.4% during the third quarter. MML Investors Services LLC now owns 84,394 shares of the basic materials company's stock valued at $7,520,000 after purchasing an additional 35,710 shares during the period. Zacks Investment Management purchased a new stake in DuPont de Nemours during the 3rd quarter worth $42,810,000. National Bank of Canada FI increased its stake in DuPont de Nemours by 82.0% during the 3rd quarter. National Bank of Canada FI now owns 491,736 shares of the basic materials company's stock worth $43,819,000 after buying an additional 221,606 shares during the period. EP Wealth Advisors LLC boosted its position in DuPont de Nemours by 61.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 14,799 shares of the basic materials company's stock valued at $1,319,000 after buying an additional 5,642 shares during the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in shares of DuPont de Nemours by 72.2% during the third quarter. Insigneo Advisory Services LLC now owns 5,180 shares of the basic materials company's stock valued at $462,000 after acquiring an additional 2,171 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Down 1.8 %

NYSE:DD traded down $1.49 on Tuesday, hitting $82.05. 1,713,630 shares of the company's stock traded hands, compared to its average volume of 2,459,016. The company has a market cap of $34.29 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 1.99 and a beta of 1.34. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $84.07 and a 200-day moving average price of $82.12.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business posted $0.92 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours's payout ratio is 80.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. StockNews.com lowered shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Tuesday. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Finally, Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and a consensus target price of $95.42.

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.