Atalanta Sosnoff Capital LLC Decreases Position in DuPont de Nemours, Inc. (NYSE:DD)

Atalanta Sosnoff Capital LLC reduced its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,979 shares of the basic materials company's stock after selling 36,873 shares during the period. Atalanta Sosnoff Capital LLC's holdings in DuPont de Nemours were worth $12,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at $26,000. Aster Capital Management DIFC Ltd raised its holdings in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after buying an additional 302 shares during the last quarter. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter worth $31,000. Finally, Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DD shares. Mizuho decreased their price objective on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. UBS Group reduced their price target on shares of DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Barclays dropped 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 note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.07.

DuPont de Nemours Trading Up 3.6 %

Shares of DD traded up $2.31 during trading hours on Thursday, hitting $66.87. 1,019,952 shares of the stock were exchanged, compared to its average volume of 2,412,420. The firm has a market capitalization of $27.99 billion, a P/E ratio of 40.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The business has a 50-day moving average of $68.83 and a 200-day moving average of $76.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.45%. DuPont de Nemours's payout ratio is -863.16%.

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.