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

Point72 Asia Singapore Pte. Ltd. raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 224.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,306 shares of the basic materials company’s stock after buying an additional 2,980 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in DuPont de Nemours were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC lifted its position in shares of DuPont de Nemours by 8.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 10,354 shares of the basic materials company’s stock worth $789,000 after purchasing an additional 842 shares in the last quarter. Oak Thistle LLC purchased a new stake in DuPont de Nemours during the 4th quarter worth approximately $942,000. Assenagon Asset Management S.A. lifted its holdings in DuPont de Nemours by 431.6% during 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 buying an additional 859,333 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of DuPont de Nemours by 1.2% in the fourth quarter. Park Avenue Securities LLC now owns 14,644 shares of the basic materials company’s stock worth $1,117,000 after acquiring an additional 178 shares in the last quarter. Finally, Roble Belko & Company Inc grew its stake in shares of DuPont de Nemours by 27.7% in the fourth quarter. Roble Belko & Company Inc now owns 766 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 166 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 0.2%

NYSE DD opened at $68.10 on Friday. The firm’s fifty day moving average price is $67.67 and its 200 day moving average price is $75.65. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. 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 capitalization of $28.50 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

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

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio is currently -863.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. KeyCorp boosted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Mizuho lowered their price objective on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Wells Fargo & Company reduced their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Morgan Stanley decreased their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, May 5th. Finally, Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $85.07.

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.