Envestnet Portfolio Solutions Inc. Cuts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Envestnet Portfolio Solutions Inc. trimmed its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 49.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,445 shares of the basic materials company's stock after selling 19,273 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in DuPont de Nemours were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DD. Level Four Advisory Services LLC grew its stake in DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock worth $357,000 after buying an additional 129 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock worth $323,000 after acquiring an additional 132 shares in the last quarter. Hancock Whitney Corp grew its stake in shares of DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock worth $429,000 after acquiring an additional 143 shares during the last quarter. Howard Capital Management Inc. increased its holdings in shares of DuPont de Nemours by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock valued at $214,000 after acquiring an additional 144 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of DuPont de Nemours by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company's stock valued at $178,000 after purchasing an additional 146 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE:DD traded down $0.38 during trading hours on Friday, reaching $68.90. The company had a trading volume of 2,570,320 shares, compared to its average volume of 2,429,180. 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, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The business's 50 day moving average price is $67.08 and its 200-day moving average price is $72.49. The firm has a market cap of $28.84 billion, a PE ratio of -362.64, a price-to-earnings-growth ratio of 1.93 and a beta of 1.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the previous year, the business posted $0.79 EPS. The business's revenue was up 4.6% compared to the same quarter last year. Research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DD shares. KeyCorp boosted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Morgan Stanley dropped 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 report on Monday, May 5th. Mizuho reduced their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their price target on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. increased their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.92.

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.