1832 Asset Management L.P. Has $29.76 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

1832 Asset Management L.P. lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 13.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 369,740 shares of the basic materials company’s stock after selling 58,126 shares during the period. 1832 Asset Management L.P.’s holdings in DuPont de Nemours were worth $29,760,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DD. Palisade Asset Management LLC bought a new stake in DuPont de Nemours in the first quarter valued at $25,000. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $26,000. Denver PWM LLC bought a new stake in DuPont de Nemours in the 2nd quarter valued at about $28,000. LifeSteps Financial Inc. acquired a new position in shares of DuPont de Nemours during the first quarter worth approximately $28,000. Finally, Fortitude Family Office LLC grew its holdings in shares of DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

DD opened at $84.08 on Tuesday. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $85.12. The firm has a 50-day moving average of $80.80 and a 200 day moving average of $78.75. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The firm has a market cap of $35.15 billion, a P/E ratio of 102.54, a PEG ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last released its 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. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.38 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. DuPont de Nemours’s payout ratio is presently 185.37%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group raised their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Barclays raised their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

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.