Silvercrest Asset Management Group LLC Sells 18,507 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Silvercrest Asset Management Group LLC reduced its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 745,169 shares of the basic materials company's stock after selling 18,507 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.18% of DuPont de Nemours worth $56,819,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in DuPont de Nemours by 6.6% during the 4th quarter. Royal Bank of Canada now owns 1,497,684 shares of the basic materials company's stock valued at $114,197,000 after acquiring an additional 92,225 shares during the period. Rafferty Asset Management LLC raised its position in DuPont de Nemours by 12.6% during the 4th quarter. Rafferty Asset Management LLC now owns 36,276 shares of the basic materials company's stock valued at $2,766,000 after purchasing an additional 4,052 shares during the last quarter. Raiffeisen Bank International AG bought a new position in DuPont de Nemours during the 4th quarter valued at approximately $709,000. Point72 Asia Singapore Pte. Ltd. raised its position in DuPont de Nemours by 224.7% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,306 shares of the basic materials company's stock valued at $328,000 after purchasing an additional 2,980 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its position in DuPont de Nemours by 364.3% during the 4th quarter. Point72 Hong Kong Ltd now owns 42,471 shares of the basic materials company's stock valued at $3,238,000 after purchasing an additional 33,324 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DD shares. Mizuho lowered their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada decreased their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Morgan Stanley decreased their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Wells Fargo & Company decreased their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup decreased their target price 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $85.15.

DuPont de Nemours Stock Down 0.6%

DD traded down $0.42 during trading on Monday, hitting $68.90. 1,481,907 shares of the company's stock traded hands, compared to its average volume of 2,452,761. The company's 50 day simple moving average is $67.53 and its two-hundred day simple moving average is $75.44. 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 12-month low of $53.77 and a 12-month high of $90.06. The stock has a market capitalization of $28.83 billion, a price-to-earnings ratio of 41.26, a PEG ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results 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. The business had revenue of $3.07 billion for 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 company's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.79 EPS. 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 declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.38%. DuPont de Nemours's dividend payout ratio (DPR) is currently -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.