Y Intercept Hong Kong Ltd Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Y Intercept Hong Kong Ltd reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 5.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 21,670 shares of the basic materials company’s stock after selling 1,320 shares during the period. Y Intercept Hong Kong Ltd’s holdings in DuPont de Nemours were worth $1,652,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DD. Assenagon Asset Management S.A. grew its holdings 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 valued at $80,707,000 after buying an additional 859,333 shares in the last quarter. Franklin Resources Inc. grew its holdings in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after buying an additional 570,703 shares in the last quarter. Zacks Investment Management purchased a new position in shares of DuPont de Nemours during the 3rd quarter worth $42,810,000. Two Sigma Advisers LP grew its holdings in shares of DuPont de Nemours by 48.3% during the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after purchasing an additional 461,400 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of DuPont de Nemours by 164.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock worth $63,983,000 after purchasing an additional 446,948 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

DD opened at $81.85 on Wednesday. The stock’s 50-day moving average price is $77.75 and its 200 day moving average price is $81.30. DuPont de Nemours, Inc. has a 12-month low of $68.21 and a 12-month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a market cap of $34.22 billion, a price-to-earnings ratio of 49.01, a PEG ratio of 2.15 and a beta of 1.34.

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

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.00%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 91.02%.

Wall Street Analyst Weigh In

DD has been the subject of a number of research analyst reports. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a report on Friday, January 17th. UBS Group increased their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Company lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Two 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 has an average rating of “Moderate Buy” and an average target price of $99.17.

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.