DuPont de Nemours, Inc. $DD Shares Bought by Holocene Advisors LP

Holocene Advisors LP lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 70.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,398,287 shares of the basic materials company’s stock after purchasing an additional 991,985 shares during the quarter. Holocene Advisors LP owned approximately 0.57% of DuPont de Nemours worth $164,499,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Princeton Global Asset Management LLC boosted its holdings in shares of DuPont de Nemours by 64.4% in the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 143 shares during the period. WPG Advisers LLC acquired a new stake in DuPont de Nemours during the 1st quarter worth $35,000. Cary Street Partners Investment Advisory LLC grew its position in DuPont de Nemours by 67.5% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 218 shares during the last quarter. Ransom Advisory Ltd purchased a new position in DuPont de Nemours during the 1st quarter worth $40,000. Finally, Quaker Wealth Management LLC increased its stake in DuPont de Nemours by 200.7% in the second quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 1,184 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Transactions at DuPont de Nemours

In other news, SVP Steven P. Larrabee sold 103,267 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $32.29, for a total transaction of $3,334,357.49. Following the sale, the senior vice president owned 92,218 shares of the company’s stock, valued at $2,977,599.61. The trade was a 52.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Erik T. Hoover sold 6,005 shares of the firm’s stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $39.79, for a total value of $238,938.95. Following the completion of the transaction, the senior vice president directly owned 112,101 shares of the company’s stock, valued at $4,460,498.79. The trade was a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 118,283 shares of company stock valued at $3,928,870 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.

DuPont de Nemours Trading Down 1.5%

NYSE:DD opened at $40.89 on Friday. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of -22.22, a PEG ratio of 2.38 and a beta of 1.10. DuPont de Nemours, Inc. has a 1 year low of $22.50 and a 1 year high of $41.83. The stock has a fifty day moving average price of $36.99 and a two-hundred day moving average price of $32.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.63 and a current ratio of 2.00.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.29 earnings per share for the quarter. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. The business had revenue of $3.02 billion for the quarter. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours declared that its board has initiated a stock repurchase program on Thursday, November 6th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the basic materials company to reacquire up to 12.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, November 28th. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.48%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DD shares. UBS Group increased their target price on shares of DuPont de Nemours to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Citigroup increased their price objective on DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Wells Fargo & Company dropped their target price on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Royal Bank Of Canada cut their price target on DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Finally, Morgan Stanley lowered their price objective on shares of DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $42.88.

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.