Choreo LLC Sells 10,443 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Choreo LLC lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,864 shares of the basic materials company's stock after selling 10,443 shares during the period. Choreo LLC's holdings in DuPont de Nemours were worth $2,454,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DD. Franklin Resources Inc. increased its holdings in shares of DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock valued at $525,683,000 after purchasing an additional 483,722 shares during the period. Northern Trust Corp increased its stake in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after buying an additional 690,218 shares during the period. Price T Rowe Associates Inc. MD lifted its position in DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after buying an additional 336,000 shares in the last quarter. Bank of New York Mellon Corp lifted its position in DuPont de Nemours by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock worth $249,961,000 after buying an additional 37,327 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of DuPont de Nemours by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock valued at $236,909,000 after buying an additional 417,359 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $1.01 during midday trading on Friday, hitting $75.81. The company had a trading volume of 2,233,161 shares, compared to its average volume of 2,481,533. The stock has a market cap of $31.72 billion, a PE ratio of -398.97, a P/E/G ratio of 2.15 and a beta of 1.04. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The business's 50 day simple moving average is $70.56 and its two-hundred day simple moving average is $71.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The business's revenue was up 4.6% compared to the same quarter last year. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's payout ratio is presently -863.16%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. KeyCorp increased their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Mizuho lifted their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Morgan Stanley lowered their price target on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Citigroup lifted their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $88.31.

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.