Sherbrooke Park Advisers LLC Makes New Investment in DuPont de Nemours, Inc. (NYSE:DD)
Sherbrooke Park Advisers LLC has acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD), purchasing 17,042 shares valued at approximately $1.3 million. This investment represents 0.4% of their portfolio, making DuPont their 21st largest holding. Other institutional investors have also increased their stakes in DuPont. The company's stock opened at $68.10, with a market cap of $28.5 billion and a P/E ratio of 40.78. DuPont recently reported earnings of $1.03 per share, exceeding estimates, and announced a quarterly dividend of $0.41.
Sherbrooke Park Advisers LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,042 shares of the basic materials company's stock, valued at approximately $1,299,000. DuPont de Nemours accounts for 0.4% of Sherbrooke Park Advisers LLC's portfolio, making the stock its 21st biggest holding.
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Several other hedge funds and other institutional investors have also modified their holdings of the stock. Royal Bank of Canada raised its holdings in DuPont de Nemours by 6.6% in the 4th quarter. Royal Bank of Canada now owns 1,497,684 shares of the basic materials company's stock valued at $114,197,000 after acquiring an additional 92,225 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in DuPont de Nemours by 12.6% during the fourth quarter. Rafferty Asset Management LLC now owns 36,276 shares of the basic materials company's stock worth $2,766,000 after buying an additional 4,052 shares in the last quarter. Raiffeisen Bank International AG bought a new stake in DuPont de Nemours in the 4th quarter valued at $709,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of DuPont de Nemours by 224.7% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,306 shares of the basic materials company's stock valued at $328,000 after buying an additional 2,980 shares in the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of DuPont de Nemours by 364.3% during the 4th quarter. Point72 Hong Kong Ltd now owns 42,471 shares of the basic materials company's stock worth $3,238,000 after acquiring an additional 33,324 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.
DuPont de Nemours Price Performance
DuPont de Nemours stock opened at $68.10 on Friday. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year 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 capitalization of $28.50 billion, a P/E ratio of 40.78, a PEG ratio of 2.15 and a beta of 1.07. The business has a 50-day moving average of $67.67 and a 200-day moving average of $75.65.
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DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. DuPont de Nemours's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.79 EPS. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.
DuPont de Nemours Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's payout ratio is -863.16%.
Analyst Ratings Changes
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A number of brokerages have commented on DD. Citigroup cut their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley lowered their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Barclays cut their target price on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target of $85.07.
Check Out Our Latest Stock Report on DD
DuPont de Nemours Company Profile
(Free Report)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.
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