Envestnet Asset Management Inc. Sells 66,193 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Envestnet Asset Management Inc. lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 9.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 652,556 shares of the basic materials company's stock after selling 66,193 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.16% of DuPont de Nemours worth $48,733,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd increased its position in shares of DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 302 shares during the period. Vermillion Wealth Management Inc. bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $28,000. JNBA Financial Advisors raised its stake in shares of DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after buying an additional 216 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after buying an additional 248 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of DuPont de Nemours by 78.8% in the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after buying an additional 197 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research reports. Royal Bank Of Canada dropped their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley dropped their price objective on 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. UBS Group boosted their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the stock a "buy" rating in a research note on Wednesday. KeyCorp lifted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their target price for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $86.92.

DuPont de Nemours Stock Down 0.8%

DD traded down $0.64 during trading on Friday, reaching $75.49. 1,850,902 shares of the stock traded hands, compared to its average volume of 2,458,640. The stock has a market cap of $31.59 billion, a price-to-earnings ratio of -397.32, a price-to-earnings-growth ratio of 2.14 and a beta of 1.04. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The stock's 50-day simple moving average is $69.00 and its two-hundred day simple moving average is $71.98.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

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 given a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.17%. DuPont de Nemours's dividend payout ratio 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.