Point72 Asia Singapore Pte. Ltd. Buys Shares of 32,963 DuPont de Nemours, Inc. (NYSE:DD)

Point72 Asia Singapore Pte. Ltd. bought a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 32,963 shares of the basic materials company's stock, valued at approximately $2,653,000.

Several other hedge funds have also modified their holdings of DD. Palisade Asset Management LLC acquired a new position in DuPont de Nemours in the 1st quarter worth $25,000. ESL Trust Services LLC acquired a new position in shares of DuPont de Nemours in the first quarter worth about $26,000. LifeSteps Financial Inc. purchased a new position in DuPont de Nemours in the first quarter valued at about $28,000. Denver PWM LLC purchased a new position in DuPont de Nemours in the second quarter valued at about $28,000. Finally, Fortitude Family Office LLC grew its stake in DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DD has been the subject of several research analyst reports. Barclays increased their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 28th. Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. UBS Group boosted their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a "buy" rating for the company in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and a consensus price target of $95.00.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded down $1.14 during mid-day trading on Wednesday, hitting $85.97. The company had a trading volume of 1,396,765 shares, compared to its average volume of 2,611,191. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $87.28. The stock has a market cap of $35.91 billion, a price-to-earnings ratio of 104.82, a PEG ratio of 2.23 and a beta of 1.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The firm's 50 day simple moving average is $80.90 and its two-hundred day simple moving average is $78.86.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours's dividend payout ratio (DPR) is 185.37%.

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.