Quadrature Capital Ltd Sells 19,673 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Quadrature Capital Ltd lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 72.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,396 shares of the basic materials company's stock after selling 19,673 shares during the period. Quadrature Capital Ltd's holdings in DuPont de Nemours were worth $659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Crestwood Advisors Group LLC raised its holdings in DuPont de Nemours by 3.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company's stock worth $332,000 after purchasing an additional 132 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of DuPont de Nemours by 32.0% in the 3rd quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company's stock valued at $48,000 after buying an additional 132 shares in the last quarter. Aaron Wealth Advisors LLC raised its stake in DuPont de Nemours by 3.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company's stock worth $312,000 after buying an additional 137 shares during the period. Focus Financial Network Inc. grew its stake in DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company's stock valued at $354,000 after acquiring an additional 143 shares during the period. Finally, Busey Bank raised its position in shares of DuPont de Nemours by 4.7% during the third quarter. Busey Bank now owns 3,243 shares of the basic materials company's stock worth $289,000 after purchasing an additional 145 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DD shares. Morgan Stanley boosted their price objective 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. Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com raised DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Monday, December 2nd. Finally, 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE:DD traded up $0.73 during trading on Monday, reaching $83.55. 3,144,517 shares of the company traded hands, compared to its average volume of 2,462,128. The firm has a market capitalization of $34.92 billion, a PE ratio of 43.59, a PEG ratio of 1.99 and a beta of 1.34. The company's 50 day moving average is $84.30 and its two-hundred day moving average is $82.08. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week 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 quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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 paid a $0.38 dividend. 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%.

DuPont de Nemours Company 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.