Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 14.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,790 shares of the basic materials company's stock after selling 3,645 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in DuPont de Nemours were worth $1,627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ritholtz Wealth Management lifted its holdings in DuPont de Nemours by 48.8% in the 1st quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock worth $333,000 after buying an additional 1,464 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of DuPont de Nemours by 334.4% during the first quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock valued at $19,122,000 after acquiring an additional 197,115 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $1,343,000. Grandfield & Dodd LLC lifted its stake in shares of DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after acquiring an additional 3,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after acquiring an additional 91,108 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the topic of several analyst reports. UBS Group lifted their price objective on DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. KeyCorp lifted their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Mizuho reduced their price objective 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. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Finally, Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.92.

DuPont de Nemours Trading Up 2.0%

DuPont de Nemours stock opened at $69.38 on Friday. 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 1 year low of $53.77 and a 1 year high of $90.06. The firm's 50-day moving average is $67.08 and its 200-day moving average is $72.49. The company has a market cap of $29.04 billion, a P/E ratio of -365.16, a PEG ratio of 1.93 and a beta of 1.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last released 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 negative net margin of 0.60% and a positive return on equity of 7.58%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. DuPont de Nemours's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share 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 $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is -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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