GTS Securities LLC Sells 90,316 Shares of DuPont de Nemours, Inc. (NYSE:DD)

GTS Securities LLC lowered its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 96.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,650 shares of the basic materials company's stock after selling 90,316 shares during the quarter. GTS Securities LLC's holdings in DuPont de Nemours were worth $278,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DD. Avior Wealth Management LLC increased its position in DuPont de Nemours by 22.7% during the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after buying an additional 137 shares during the last quarter. Brighton Jones LLC increased its position in DuPont de Nemours by 19.6% during the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock worth $382,000 after buying an additional 822 shares during the last quarter. KBC Group NV increased its position in DuPont de Nemours by 17.3% during the fourth quarter. KBC Group NV now owns 86,543 shares of the basic materials company's stock worth $6,599,000 after buying an additional 12,778 shares during the last quarter. Foundations Investment Advisors LLC increased its position in DuPont de Nemours by 10.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 5,365 shares of the basic materials company's stock worth $409,000 after buying an additional 528 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its position in DuPont de Nemours by 7.3% during the fourth quarter. Perigon Wealth Management LLC now owns 11,390 shares of the basic materials company's stock worth $873,000 after buying an additional 779 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price target on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. BMO Capital Markets boosted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Mizuho reduced their price objective on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, KeyCorp boosted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average price target of $85.92.

DuPont de Nemours Price Performance

Shares of DD traded down $2.20 during mid-day trading on Friday, reaching $66.78. The company had a trading volume of 4,732,197 shares, compared to its average volume of 2,416,471. The company has a market capitalization of $27.95 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The company's 50 day simple moving average is $65.86 and its 200 day simple moving average is $74.48. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. DuPont de Nemours's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS. Analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's dividend payout ratio is currently -863.16%.

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.