Exchange Traded Concepts LLC Trims Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Exchange Traded Concepts LLC reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 94.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 749 shares of the basic materials company's stock after selling 12,197 shares during the period. Exchange Traded Concepts LLC's holdings in DuPont de Nemours were worth $56,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts have commented on DD shares. Mizuho decreased their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley decreased their price objective on 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. Wall Street Zen downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of "Moderate Buy" and a consensus price target of $85.92.

DuPont de Nemours Trading Up 2.0%

NYSE DD traded up $1.39 on Thursday, hitting $69.38. 2,203,850 shares of the stock were exchanged, compared to its average volume of 2,953,268. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The firm has a market capitalization of $29.04 billion, a P/E ratio of -365.16, a P/E/G ratio of 1.94 and a beta of 1.05. The stock has a fifty day moving average price of $66.89 and a two-hundred day moving average price of $72.58.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted 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 company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. Research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed 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. This represents a $1.64 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently -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.