DuPont de Nemours, Inc. (NYSE:DD) Stock Position Lowered by Man Group plc

Man Group plc lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 40.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 408,735 shares of the basic materials company’s stock after selling 280,705 shares during the period. Man Group plc’s holdings in DuPont de Nemours were worth $31,166,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DD. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $146,605,000. Marshall Wace LLP lifted its holdings in shares of DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock valued at $112,219,000 after purchasing an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of DuPont de Nemours by 337.5% in the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after purchasing an additional 986,366 shares during the period. Assenagon Asset Management S.A. increased its stake in DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after purchasing an additional 859,333 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock worth $86,971,000 after buying an additional 756,604 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Mizuho decreased their target price 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. BMO Capital Markets raised their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. UBS Group cut 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 research note on Tuesday, April 15th. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $85.07.

DuPont de Nemours Trading Down 0.2%

Shares of NYSE DD opened at $68.10 on Friday. The stock has a market cap of $28.50 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.15 and a beta of 1.07. The business has a 50 day simple moving average of $67.67 and a 200 day simple moving average of $75.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.41%. DuPont de Nemours’s dividend payout ratio (DPR) is currently -863.16%.

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.