DuPont de Nemours, Inc. (NYSE:DD) Holdings Lowered by Jade Capital Advisors LLC

Jade Capital Advisors LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 36.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the basic materials company’s stock after selling 5,822 shares during the period. Jade Capital Advisors LLC’s holdings in DuPont de Nemours were worth $891,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Legal & General Group Plc boosted its stake in DuPont de Nemours by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after purchasing an additional 25,857 shares in the last quarter. Mondrian Investment Partners LTD raised its position in DuPont de Nemours by 9.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after acquiring an additional 156,339 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in DuPont de Nemours by 34.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after acquiring an additional 391,400 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after purchasing an additional 1,139,156 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its position in shares of DuPont de Nemours by 95.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after purchasing an additional 567,732 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.3 %

Shares of DD stock opened at $84.87 on Tuesday. The stock has a 50 day moving average of $83.48 and a 200-day moving average of $80.40. The firm has a market cap of $35.48 billion, a PE ratio of 103.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is presently 185.37%.

Analyst Upgrades and Downgrades

DD has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday. Royal Bank of Canada lifted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $88.00 to $84.00 in a report on Monday, October 7th. Finally, Citigroup decreased their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $94.83.

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.