DT Investment Partners LLC Sells 75,997 Shares of DuPont de Nemours, Inc. (NYSE:DD)

DT Investment Partners LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 85.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,035 shares of the basic materials company's stock after selling 75,997 shares during the quarter. DT Investment Partners LLC's holdings in DuPont de Nemours were worth $973,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of DuPont de Nemours by 19.6% in the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock worth $382,000 after purchasing an additional 822 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $110,000. Steward Partners Investment Advisory LLC lifted its position in shares of DuPont de Nemours by 4.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 22,352 shares of the basic materials company's stock worth $1,704,000 after purchasing an additional 977 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after purchasing an additional 91,108 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $211,000. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target 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. Royal Bank Of Canada dropped their price target 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. UBS Group boosted their price target on shares of DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. KeyCorp boosted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, Citigroup boosted 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 report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $86.77.

DuPont de Nemours Stock Down 0.9%

Shares of DuPont de Nemours stock traded down $0.66 during trading hours on Monday, reaching $73.07. The company's stock had a trading volume of 2,568,929 shares, compared to its average volume of 2,441,234. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company has a market capitalization of $30.58 billion, a P/E ratio of -384.55, a P/E/G ratio of 2.10 and a beta of 1.04. The stock's fifty day simple moving average is $68.13 and its two-hundred day simple moving average is $72.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40.

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

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is -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.