Point72 Hong Kong Ltd Sells 77,956 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Point72 Hong Kong Ltd reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 89.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,147 shares of the basic materials company's stock after selling 77,956 shares during the period. Point72 Hong Kong Ltd's holdings in DuPont de Nemours were worth $815,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DD. Jennison Associates LLC lifted its position in DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company's stock worth $43,756,000 after buying an additional 9,730 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in DuPont de Nemours by 236.8% during the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company's stock worth $3,269,000 after buying an additional 28,553 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in DuPont de Nemours during the second quarter worth approximately $1,610,000. Cetera Investment Advisers lifted its position in DuPont de Nemours by 186.5% during the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company's stock worth $6,698,000 after buying an additional 56,870 shares in the last quarter. Finally, Appian Way Asset Management LP purchased a new position in DuPont de Nemours during the second quarter worth approximately $2,978,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded up $0.05 during trading on Monday, hitting $83.64. 396,321 shares of the company traded hands, compared to its average volume of 2,458,016. The stock has a market capitalization of $34.96 billion, a price-to-earnings ratio of 43.90, a PEG ratio of 2.00 and a beta of 1.35. The business's fifty day moving average is $84.75 and its 200-day moving average is $81.96. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal 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 paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours's dividend payout ratio (DPR) is currently 80.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Morgan Stanley lifted their target price on 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. Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, Barclays lifted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Two 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.42.

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.