DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 12.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,615 shares of the basic materials company's stock after selling 14,011 shares during the period. Meyer Handelman Co.'s holdings in DuPont de Nemours were worth $7,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd raised its stake in shares of 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 period. Vermillion Wealth Management Inc. acquired a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $28,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $29,000. Finally, Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Citigroup reduced their target price on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. KeyCorp increased their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. increased their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, UBS Group increased their price objective on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.92.

DuPont de Nemours Stock Down 1.2%

Shares of DD traded down $0.80 during midday trading on Monday, hitting $66.00. The company had a trading volume of 3,536,177 shares, compared to its average volume of 2,420,909. The company's 50-day simple moving average is $65.86 and its 200-day simple moving average is $74.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a market capitalization of $27.62 billion, a P/E ratio of 39.52, a P/E/G ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced 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. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm's revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 earnings per share. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.48%. DuPont de Nemours's payout ratio is -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.