Point72 Asia Singapore Pte. Ltd. Trims Stake in DuPont de Nemours, Inc. (NYSE:DD)

Point72 Asia Singapore Pte. Ltd. decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 96.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,326 shares of the basic materials company's stock after selling 31,637 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in DuPont de Nemours were worth $118,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. CWM LLC lifted its position in shares of DuPont de Nemours by 10.0% in the 2nd quarter. CWM LLC now owns 22,573 shares of the basic materials company's stock worth $1,817,000 after purchasing an additional 2,053 shares during the period. Simplicity Wealth LLC raised its holdings in shares of DuPont de Nemours by 32.6% during the second quarter. Simplicity Wealth LLC now owns 11,563 shares of the basic materials company's stock worth $931,000 after purchasing an additional 2,841 shares during the last quarter. BDF Gestion purchased a new position in DuPont de Nemours in the second quarter valued at $2,612,000. Capital Investment Advisors LLC increased its stake in shares of DuPont de Nemours by 2.9% during the second quarter. Capital Investment Advisors LLC now owns 10,839 shares of the basic materials company's stock worth $872,000 after purchasing an additional 303 shares in the last quarter. Finally, Webster Bank N. A. boosted its position in DuPont de Nemours by 23.2% during the second quarter. Webster Bank N. A. now owns 1,912 shares of the basic materials company's stock worth $154,000 after acquiring an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

DD has been the topic of several recent research reports. StockNews.com raised shares of DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Monday. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Barclays raised their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Finally, Morgan Stanley raised 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 report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $95.42.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $0.95 during trading hours on Friday, hitting $82.69. 1,162,733 shares of the company's stock traded hands, compared to its average volume of 2,452,251. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The stock has a market capitalization of $34.56 billion, a price-to-earnings ratio of 43.06, a PEG ratio of 2.00 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. The company has a fifty day simple moving average of $84.44 and a 200-day simple moving average of $82.02.

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

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours's payout ratio is 80.00%.

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.