Cresset Asset Management LLC Sells 31,144 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Cresset Asset Management LLC reduced its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 76.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,694 shares of the basic materials company's stock after selling 31,144 shares during the period. Cresset Asset Management LLC's holdings in DuPont de Nemours were worth $739,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DD. Norges Bank purchased a new position in DuPont de Nemours in the 4th quarter worth about $146,605,000. Marshall Wace LLP raised its position in DuPont de Nemours by 228.8% in the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after buying an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. raised its position in DuPont de Nemours by 337.5% in the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after buying an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. raised its position in DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock worth $80,707,000 after buying an additional 859,333 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in DuPont de Nemours by 194.7% in the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after buying an additional 756,604 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DD has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Mizuho cut their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, UBS Group cut their price objective on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of "Moderate Buy" and a consensus target price of $86.29.

DuPont de Nemours Price Performance

DD stock traded up $1.13 during midday trading on Friday, hitting $69.31. The company's stock had a trading volume of 2,957,817 shares, compared to its average volume of 2,457,925. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. 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 firm has a market capitalization of $29.01 billion, a price-to-earnings ratio of 41.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The company has a 50 day moving average of $67.53 and a two-hundred day moving average of $75.55.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. On average, analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.37%. DuPont de Nemours's payout ratio is presently -863.16%.

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.