Atria Wealth Solutions Inc. Sells 10,732 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Atria Wealth Solutions Inc. sold 10,732 shares of DuPont de Nemours, Inc., reducing its holdings by 22.4%, with remaining shares valued at approximately $2.78 million.
• DuPont reported a positive earnings performance, with $1.12 earnings per share for the latest quarter, surpassing analysts' expectations of $1.06.
• Several analysts have raised their price targets for DuPont, with KeyCorp and JPMorgan increasing their targets to $92.00 and $93.00, respectively.

Atria Wealth Solutions Inc. trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 22.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,188 shares of the basic materials company's stock after selling 10,732 shares during the period. Atria Wealth Solutions Inc.'s holdings in DuPont de Nemours were worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Levin Capital Strategies L.P. acquired a new position in shares of DuPont de Nemours in the first quarter valued at $352,000. Empower Advisory Group LLC grew its stake in shares of DuPont de Nemours by 3.3% in the first quarter. Empower Advisory Group LLC now owns 1,009,520 shares of the basic materials company's stock valued at $75,391,000 after acquiring an additional 31,943 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of DuPont de Nemours by 1.1% in the first quarter. Commonwealth Equity Services LLC now owns 246,196 shares of the basic materials company's stock valued at $18,386,000 after acquiring an additional 2,622 shares in the last quarter. Raiffeisen Bank International AG grew its stake in shares of DuPont de Nemours by 176.3% in the first quarter. Raiffeisen Bank International AG now owns 25,784 shares of the basic materials company's stock valued at $1,909,000 after acquiring an additional 16,451 shares in the last quarter. Finally, Argent Trust Co grew its stake in shares of DuPont de Nemours by 7.8% in the first quarter. Argent Trust Co now owns 43,099 shares of the basic materials company's stock valued at $3,219,000 after acquiring an additional 3,117 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Up 3.0%

NYSE:DD traded up $2.09 during mid-day trading on Tuesday, hitting $71.99. 3,126,583 shares of the company's stock were exchanged, compared to its average volume of 2,973,108. The company has a 50 day simple moving average of $71.38 and a 200-day simple moving average of $71.57. The company has a current ratio of 1.41, a quick ratio of 0.94 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The firm has a market capitalization of $30.14 billion, a P/E ratio of -153.17, a PEG ratio of 1.76 and a beta of 1.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The business had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. As a group, research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently -348.94%.

Wall Street Analyst Weigh In

DD has been the subject of a number of analyst reports. UBS Group lifted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Royal Bank Of Canada increased their price objective on shares of DuPont de Nemours from $93.00 to $94.00 and gave the stock an "outperform" rating in a research note on Friday. KeyCorp increased their price objective on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Citigroup increased their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, Morgan Stanley reduced their price objective 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. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.25.

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.