Larson Financial Group LLC Sells 5,998 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Larson Financial Group LLC trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 50.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,938 shares of the basic materials company's stock after selling 5,998 shares during the period. Larson Financial Group LLC's holdings in DuPont de Nemours were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank purchased a new position in DuPont de Nemours in the 4th quarter worth $146,605,000. Marshall Wace LLP raised its stake in DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock valued at $112,219,000 after purchasing an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock valued at $97,492,000 after acquiring an additional 986,366 shares during the period. Assenagon Asset Management S.A. increased its position in DuPont de Nemours by 87.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock valued at $147,929,000 after purchasing an additional 922,387 shares during the period. Finally, Schroder Investment Management Group boosted its stake in DuPont de Nemours by 194.7% in the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after purchasing an additional 756,604 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DD shares. KeyCorp lifted their price objective on shares of DuPont de Nemours from $85.00 to $87.00 and gave the company an "overweight" rating in a research report on Monday. Royal Bank Of Canada lowered their price target 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. Morgan Stanley decreased 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 report on Monday, May 5th. JPMorgan Chase & Co. boosted their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Finally, Mizuho boosted their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.15.

DuPont de Nemours Trading Up 0.8%

NYSE:DD opened at $74.52 on Friday. The company's 50 day moving average is $69.72 and its 200-day moving average is $71.95. The firm has a market cap of $31.19 billion, a price-to-earnings ratio of -392.23, 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, 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 announced its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the previous year, the business posted $0.79 EPS. The company's quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business 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 dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.20%. DuPont de Nemours's dividend payout ratio (DPR) is currently -863.16%.

About DuPont de Nemours

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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