DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 9.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 568,875 shares of the basic materials company's stock after selling 58,251 shares during the period. Ameriprise Financial Inc. owned about 0.14% of DuPont de Nemours worth $43,376,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Aptus Capital Advisors LLC grew its stake in shares of DuPont de Nemours by 58.0% in the 4th quarter. Aptus Capital Advisors LLC now owns 7,479 shares of the basic materials company's stock worth $570,000 after purchasing an additional 2,744 shares during the last quarter. AXA S.A. increased its position in shares of DuPont de Nemours by 26.2% in the fourth quarter. AXA S.A. now owns 119,411 shares of the basic materials company's stock worth $9,105,000 after acquiring an additional 24,771 shares in the last quarter. AlTi Global Inc. increased its position in shares of DuPont de Nemours by 8.3% in the fourth quarter. AlTi Global Inc. now owns 8,173 shares of the basic materials company's stock worth $625,000 after acquiring an additional 627 shares in the last quarter. Gallagher Fiduciary Advisors LLC increased its position in shares of DuPont de Nemours by 19.4% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 3,104 shares of the basic materials company's stock worth $237,000 after acquiring an additional 504 shares in the last quarter. Finally, DoubleLine ETF Adviser LP purchased a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $3,563,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Price Performance

NYSE DD opened at $66.77 on Monday. 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 stock has a market capitalization of $27.94 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The company has a 50 day moving average price of $68.36 and a two-hundred day moving average price of $75.93. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion during 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 company's revenue 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. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed 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. This represents a $1.64 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Wall Street Analyst Weigh In

DD has been the topic of several analyst reports. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their target price for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. KeyCorp lifted their target price 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 target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Finally, Mizuho lowered 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. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.07.

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.

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