Squarepoint Ops LLC reduced its DuPont stake by 98.5% in Q2, selling over 429k shares. This significant divestment occurred despite the company reporting quarterly earnings that beat expectations. Institutional ownership remains substantial at 73.96%, with analysts maintaining a Moderate Buy consensus. Target prices stand at $166.60, contrasting with the recent major shareholder exit. DuPont maintains a high payout ratio of 533.33% coupled with a 1.9% dividend yield. Strong earnings support operations, yet the dividend coverage metrics require monitoring for sustainability.
1 articles
Squarepoint Ops LLC reduced its DuPont de Nemours stake by 98.5% in Q2, though the company reported strong earnings beating expectations with a Moderate Buy analyst consensus.
ChemBrief