DT Investment Partners LLC Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

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

A number of other large investors have also recently added to or reduced their stakes in DD. Brighton Jones LLC lifted its holdings in DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock valued at $382,000 after acquiring an additional 822 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $110,000. Steward Partners Investment Advisory LLC raised its position in DuPont de Nemours by 4.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,352 shares of the basic materials company's stock valued at $1,704,000 after purchasing an additional 977 shares during the period. Charles Schwab Investment Management Inc. raised its position in DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after purchasing an additional 91,108 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $211,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 1.0%

Shares of DD stock traded down $0.71 on Monday, reaching $73.01. 3,683,519 shares of the stock were exchanged, compared to its average volume of 2,444,959. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The business's 50 day moving average price is $68.27 and its 200 day moving average price is $71.99. The company has a market capitalization of $30.55 billion, a price-to-earnings ratio of -384.26, a PEG ratio of 2.10 and a beta of 1.04. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06.

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, topping analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 earnings per share. As a group, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.25%. DuPont de Nemours's payout ratio is currently -863.16%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DD. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their target price for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Wells Fargo & Company cut their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Barclays cut their target price on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Royal Bank Of Canada cut their target price on 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. Finally, Mizuho cut their price objective on 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 analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $86.77.

DuPont de Nemours 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.