Adage Capital Partners GP L.L.C. Sells 93,000 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Adage Capital Partners GP L.L.C. trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 23.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 300,501 shares of the basic materials company’s stock after selling 93,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.07% of DuPont de Nemours worth $22,913,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DD. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth about $26,000. Aster Capital Management DIFC Ltd raised its position in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 302 shares during the period. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $29,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours in the 4th quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at approximately $33,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD stock opened at $65.70 on Friday. The firm has a 50-day moving average of $71.41 and a 200 day moving average of $77.40. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The company has a market cap of $27.50 billion, a P/E ratio of 39.34, a PEG ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.50%. DuPont de Nemours’s payout ratio is 98.20%.

Analyst Ratings Changes

DD has been the topic of a number of recent research reports. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. UBS Group decreased their target price on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Mizuho cut their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Finally, StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.93.

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.