Assenagon Asset Management S.A. Cuts Position in DuPont de Nemours, Inc. (NYSE:DD)

Assenagon Asset Management S.A. lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 37.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,113 shares of the basic materials company's stock after selling 118,013 shares during the quarter. Assenagon Asset Management S.A.'s holdings in DuPont de Nemours were worth $17,743,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DD. Legal & General Group Plc grew its holdings in DuPont de Nemours by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company's stock valued at $310,945,000 after buying an additional 25,857 shares in the last quarter. Mondrian Investment Partners LTD grew its position in shares of DuPont de Nemours by 9.5% during the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company's stock valued at $137,995,000 after purchasing an additional 156,339 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company's stock worth $118,229,000 after purchasing an additional 391,400 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company's stock valued at $109,001,000 after buying an additional 1,139,156 shares in the last quarter. Finally, Ceredex Value Advisors LLC increased its stake in DuPont de Nemours by 95.0% in the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company's stock worth $93,784,000 after acquiring an additional 567,732 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Down 1.1 %

Shares of DD traded down $0.93 during trading hours on Friday, reaching $83.30. 1,329,804 shares of the company traded hands, compared to its average volume of 2,505,285. The stock's fifty day moving average price is $83.85 and its 200 day moving average price is $80.62. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market cap of $34.83 billion, a price-to-earnings ratio of 101.59, a PEG ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently 185.37%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DD. Royal Bank of Canada increased their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Citigroup dropped their price objective on shares of 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. Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Barclays cut DuPont de Nemours from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average price target of $94.83.

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.