Natixis Advisors LLC Sells 70,810 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Natixis Advisors LLC reduced its position in DuPont de Nemours, Inc. by 26.5%, selling 70,810 shares, resulting in a remaining 196,329 shares valued at approximately $14.66 million.
• During the 4th quarter, several large investors, including Brighton Jones LLC and Wells Fargo & Company MN, adjusted their stakes in DuPont, with institutional investors owning 73.96% of the stock.
• DuPont announced a quarterly dividend of $0.41 per share, representing an annual yield of 2.3%, with the dividend payout date set for September 15th.

Natixis Advisors LLC trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 26.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 196,329 shares of the basic materials company's stock after selling 70,810 shares during the quarter. Natixis Advisors LLC's holdings in DuPont de Nemours were worth $14,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd lifted its holdings in DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after buying an additional 302 shares during the period. Vermillion Wealth Management Inc. acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $28,000. JNBA Financial Advisors lifted its holdings in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after buying an additional 216 shares during the period. Valley National Advisers Inc. lifted its holdings in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after buying an additional 248 shares during the period. Finally, Covestor Ltd lifted its holdings in DuPont de Nemours by 78.8% in the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock valued at $34,000 after buying an additional 197 shares during the period. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on DD. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price objective for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. UBS Group increased their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Mizuho increased their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada decreased their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $87.92.

DuPont de Nemours Stock Up 0.2%

Shares of DD stock traded up $0.16 on Thursday, hitting $70.96. The stock had a trading volume of 1,454,514 shares, compared to its average volume of 2,953,585. The business has a 50 day moving average of $71.19 and a 200 day moving average of $71.81. The stock has a market cap of $29.70 billion, a price-to-earnings ratio of -151.14, a price-to-earnings-growth ratio of 2.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.91. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed 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 of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.3%. DuPont de Nemours's 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.