Fullcircle Wealth LLC Cuts Position in DuPont de Nemours, Inc. (NYSE:DD)

Fullcircle Wealth LLC trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 62.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,137 shares of the basic materials company's stock after selling 5,221 shares during the period. Fullcircle Wealth LLC's holdings in DuPont de Nemours were worth $234,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd grew its stake in DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after buying an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth about $28,000. JNBA Financial Advisors boosted its position 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 last quarter. Valley National Advisers Inc. boosted its position 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 last quarter. Finally, Covestor Ltd increased its holdings in DuPont de Nemours by 78.8% in 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 period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 1.0%

DuPont de Nemours stock opened at $73.01 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The stock has a market capitalization of $30.55 billion, a PE ratio of -384.26, a price-to-earnings-growth ratio of 2.10 and a beta of 1.04. The business has a 50 day simple moving average of $68.27 and a 200-day simple moving average of $71.99. 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 released its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. On average, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company 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 $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.25%. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

Analysts Set New Price Targets

DD has been the topic of several recent research reports. Barclays dropped their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Royal Bank Of Canada cut their price target on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reduced their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company dropped their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $86.77.

DuPont de Nemours Company 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.

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