DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Shellback Capital LP

Shellback Capital LP decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 76.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 75,336 shares of the basic materials company’s stock after selling 249,369 shares during the period. Shellback Capital LP’s holdings in DuPont de Nemours were worth $5,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd grew its stake in shares of DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares during the period. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth about $29,000. Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the fourth quarter worth about $31,000. Finally, Golden State Wealth Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.2%

Shares of DD opened at $68.10 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a market capitalization of $28.50 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The stock has a fifty day moving average of $67.67 and a two-hundred day moving average of $75.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

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 paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s dividend payout ratio is currently -863.16%.

Analysts Set New Price Targets

DD has been the topic of several recent analyst reports. KeyCorp upped their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Citigroup lowered their price target on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. UBS Group lowered their target price on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets upped their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Barclays lowered their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.07.

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.