DuPont de Nemours, Inc. (NYSE:DD) Position Reduced by Graham Capital Management L.P.

Graham Capital Management L.P. reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 89.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,047 shares of the basic materials company’s stock after selling 34,103 shares during the period. Graham Capital Management L.P.’s holdings in DuPont de Nemours were worth $309,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Choreo LLC boosted its position in DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after acquiring an additional 8,205 shares during the period. Merit Financial Group LLC boosted its holdings in shares of DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in DuPont de Nemours during the fourth quarter valued at approximately $1,343,000. Grandfield & Dodd LLC increased its stake in DuPont de Nemours by 72.0% in the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after buying an additional 3,155 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after buying an additional 91,108 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DD shares. BMO Capital Markets lifted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Bank of America raised DuPont de Nemours from an “underperform” rating to a “neutral” rating and reduced their price objective for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada reduced their price target on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.15.

DuPont de Nemours Stock Up 1.7%

Shares of DuPont de Nemours stock opened at $69.31 on Friday. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average price of $67.53 and a two-hundred day moving average price of $75.50. The stock has a market capitalization of $29.01 billion, a P/E ratio of 41.50, a PEG ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the firm earned $0.79 EPS. DuPont de Nemours’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s dividend payout ratio is currently -863.16%.

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.