DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 21.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,519 shares of the basic materials company's stock after selling 6,277 shares during the period. Ballentine Partners LLC's holdings in DuPont de Nemours were worth $1,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aster Capital Management DIFC Ltd raised its position in shares of DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in DuPont de Nemours during the 4th quarter worth $28,000. JNBA Financial Advisors grew its stake in DuPont de Nemours by 132.5% during 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 during the last quarter. Valley National Advisers Inc. grew its stake in DuPont de Nemours by 145.0% during 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 during the last quarter. Finally, Covestor Ltd grew its stake in DuPont de Nemours by 78.8% during 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 during the last quarter. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on DD. Royal Bank Of Canada dropped their target price 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. JPMorgan Chase & Co. boosted their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Citigroup boosted their target price on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, UBS Group boosted their target price on DuPont de Nemours from $85.00 to $87.00 and gave the stock a "buy" rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $86.92.

DuPont de Nemours Stock Performance

Shares of DD traded down $0.64 during mid-day trading on Friday, reaching $75.49. The company had a trading volume of 1,850,902 shares, compared to its average volume of 2,458,640. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $31.59 billion, a P/E ratio of -397.32, a PEG ratio of 2.14 and a beta of 1.04. The stock has a 50 day moving average of $69.00 and a two-hundred day moving average of $71.98.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results 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 company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. DuPont de Nemours's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. On average, analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued 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 yield of 2.17%. DuPont de Nemours's payout ratio is -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.