Handelsbanken Fonder AB Trims Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Handelsbanken Fonder AB lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,536 shares of the basic materials company's stock after selling 5,307 shares during the quarter. Handelsbanken Fonder AB's holdings in DuPont de Nemours were worth $11,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd grew its holdings in 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 valued at $28,000 after buying an additional 302 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $31,000. Covestor Ltd grew 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 purchasing an additional 197 shares during the period. Finally, Noble Wealth Management PBC purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $35,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DD has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of 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. Citigroup lowered their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price target for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Mizuho decreased their target price 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, 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 report on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.92.

DuPont de Nemours Stock Up 1.5%

NYSE DD traded up $1.03 on Monday, reaching $67.90. The company had a trading volume of 1,604,761 shares, compared to its average volume of 2,430,694. The firm has a market capitalization of $28.42 billion, a PE ratio of 40.66, a P/E/G ratio of 2.15 and a beta of 1.05. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The firm has a 50-day moving average of $65.91 and a 200-day moving average of $73.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.42%. 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.