KBC Group NV Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

KBC Group NV cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 15.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,570 shares of the basic materials company's stock after selling 12,973 shares during the period. KBC Group NV's holdings in DuPont de Nemours were worth $5,494,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in DD. Ritholtz Wealth Management lifted its position in shares of DuPont de Nemours by 48.8% during the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock worth $333,000 after purchasing an additional 1,464 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in DuPont de Nemours by 334.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock worth $19,122,000 after buying an additional 197,115 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in DuPont de Nemours during the 4th quarter valued at about $1,343,000. Cambridge Investment Research Advisors Inc. lifted its holdings in DuPont de Nemours by 6.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock valued at $6,003,000 after buying an additional 4,995 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after buying an additional 91,108 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 1.2%

Shares of NYSE DD traded up $0.85 during mid-day trading on Friday, reaching $73.80. 2,263,916 shares of the company were exchanged, compared to its average volume of 2,436,186. 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 $68.13 and a 200 day moving average of $72.09. The stock has a market cap of $30.89 billion, a price-to-earnings ratio of -388.42, a P/E/G ratio of 2.10 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

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 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.22%. DuPont de Nemours's dividend payout ratio (DPR) is -863.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup raised their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective 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. Royal Bank Of Canada reduced their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Mizuho lowered 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, Wells Fargo & Company dropped their price target on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.