Oak Thistle LLC Cuts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Oak Thistle LLC significantly reduced its stake in DuPont de Nemours, Inc. by 67.4%, now holding 4,033 shares valued at approximately $301,000.
• Analysts have provided mixed ratings for DuPont, with the current consensus being a "Moderate Buy" and an average price target of $88.31.
• DuPont announced a quarterly dividend of $0.41 per share, translating to an annualized yield of 2.16%, with the dividend payout ratio currently at -863.16%.

Oak Thistle LLC lessened its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 67.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,033 shares of the basic materials company's stock after selling 8,320 shares during the quarter. Oak Thistle LLC's holdings in DuPont de Nemours were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DD. Brighton Jones LLC lifted its holdings in DuPont de Nemours by 19.6% during the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock valued at $382,000 after buying an additional 822 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in DuPont de Nemours during the 4th quarter valued at $211,000. American Century Companies Inc. raised its position in DuPont de Nemours by 2.8% during the 4th quarter. American Century Companies Inc. now owns 88,594 shares of the basic materials company's stock valued at $6,755,000 after purchasing an additional 2,392 shares in the last quarter. Modern Wealth Management LLC raised its holdings in shares of DuPont de Nemours by 44.2% in the fourth quarter. Modern Wealth Management LLC now owns 3,518 shares of the basic materials company's stock valued at $268,000 after acquiring an additional 1,079 shares in the last quarter. Finally, TIAA Trust National Association raised its holdings in shares of DuPont de Nemours by 11.3% in the fourth quarter. TIAA Trust National Association now owns 16,925 shares of the basic materials company's stock valued at $1,291,000 after acquiring an additional 1,716 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded down $0.55 during trading on Tuesday, hitting $74.51. The stock had a trading volume of 297,851 shares, compared to its average volume of 2,874,115. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The stock has a market capitalization of $31.18 billion, a price-to-earnings ratio of -392.24, a price-to-earnings-growth ratio of 2.15 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. The stock has a 50-day simple moving average of $70.68 and a two-hundred day simple moving average of $71.96.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the firm posted $0.79 EPS. DuPont de Nemours's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.20%. DuPont de Nemours's payout ratio is currently -863.16%.

Analyst Ratings Changes

Several equities research analysts have recently commented on DD shares. JPMorgan Chase & Co. boosted their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. KeyCorp upped their target price on DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Citigroup upped their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Bank of America upgraded 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 research note on Tuesday, April 15th. Finally, Royal Bank Of Canada decreased their price target on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus price target of $88.31.

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.