Nuveen Asset Management LLC Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Nuveen Asset Management LLC trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,120,690 shares of the basic materials company's stock after selling 11,739 shares during the quarter. Nuveen Asset Management LLC owned 1.70% of DuPont de Nemours worth $542,953,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at $26,000. Aster Capital Management DIFC Ltd lifted its stake in DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 302 shares during the period. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $33,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded down $0.04 during mid-day trading on Tuesday, hitting $68.89. The stock had a trading volume of 481,005 shares, compared to its average volume of 2,988,764. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $28.83 billion, a P/E ratio of 41.23, a P/E/G ratio of 2.15 and a beta of 1.07. The firm's 50 day moving average is $67.40 and its 200 day moving average is $75.35.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the business earned $0.79 earnings per share. The business's revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is currently -863.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DD shares. Wells Fargo & Company dropped their target price 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. BMO Capital Markets raised their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. KeyCorp increased their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Morgan Stanley dropped their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. Finally, Barclays reduced their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $85.15.

DuPont de Nemours 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.