Comerica Bank Sells 6,868 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Comerica Bank cut its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,501 shares of the basic materials company's stock after selling 6,868 shares during the quarter. Comerica Bank's holdings in DuPont de Nemours were worth $11,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in DD. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the 4th quarter worth about $26,000. Aster Capital Management DIFC Ltd raised its position in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring 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 worth approximately $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter valued at approximately $33,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DD shares. Mizuho reduced 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 note on Tuesday, April 15th. Morgan Stanley decreased their price target on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. StockNews.com cut DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, KeyCorp lifted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday. Four investment 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 an average rating of "Moderate Buy" and an average price target of $85.07.

DuPont de Nemours Stock Down 2.7 %

NYSE DD traded down $1.83 during trading hours on Monday, hitting $65.42. The company's stock had a trading volume of 3,161,242 shares, compared to its average volume of 2,417,503. The company has a market capitalization of $27.38 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The company's 50-day simple moving average is $69.49 and its two-hundred day simple moving average is $76.46.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share 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 company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the company earned $0.79 earnings per share. The company's revenue for the quarter was up 4.6% on a year-over-year basis. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced 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 2.51%. DuPont de Nemours's dividend payout ratio is presently -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.