Coastline Trust Co Sells 4,669 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Coastline Trust Co cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 80.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,137 shares of the basic materials company's stock after selling 4,669 shares during the quarter. Coastline Trust Co's holdings in DuPont de Nemours were worth $87,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Level Four Advisory Services LLC raised its holdings in shares of DuPont de Nemours by 2.8% in the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after purchasing an additional 129 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock valued at $323,000 after buying an additional 132 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in shares of DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after acquiring an additional 133 shares during the period. Avior Wealth Management LLC increased its holdings in shares of DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after acquiring an additional 137 shares during the last quarter. Finally, Howard Capital Management Inc. raised its stake in DuPont de Nemours by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock valued at $214,000 after acquiring an additional 144 shares during the period. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DD shares. Wells Fargo & Company decreased their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. UBS Group reduced their price objective on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has an average rating of "Moderate Buy" and an average price target of $86.93.

DuPont de Nemours Price Performance

Shares of NYSE:DD traded down $0.38 during midday trading on Friday, hitting $65.67. The stock had a trading volume of 845,550 shares, compared to its average volume of 2,409,435. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $27.48 billion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The company's 50-day moving average price is $71.78 and its 200-day moving average price is $77.53. 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 earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.50%. DuPont de Nemours's dividend payout ratio is 98.20%.

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.