Salvus Wealth Management LLC Reduces Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Salvus Wealth Management LLC lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 52.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,493 shares of the basic materials company's stock after selling 3,803 shares during the period. Salvus Wealth Management LLC's holdings in DuPont de Nemours were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Vanguard Group Inc. lifted its position in shares of DuPont de Nemours by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock valued at $3,552,961,000 after acquiring an additional 353,010 shares in the last quarter. Franklin Resources Inc. lifted its holdings in DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after purchasing an additional 483,722 shares in the last quarter. Northern Trust Corp boosted its stake in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after purchasing an additional 690,218 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in DuPont de Nemours by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock valued at $260,276,000 after buying an additional 336,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in DuPont de Nemours by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock valued at $236,909,000 after buying an additional 417,359 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

DD has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. KeyCorp raised their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Mizuho decreased their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their price target for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Finally, 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 research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.92.

DuPont de Nemours Trading Up 1.1%

NYSE:DD traded up $0.75 during midday trading on Friday, hitting $68.16. The stock had a trading volume of 2,760,650 shares, compared to its average volume of 2,420,507. The stock has a 50-day moving average of $65.21 and a 200 day moving average of $74.06. The company has a market capitalization of $28.52 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 2.15 and a beta of 1.05. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

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. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, sell-side analysts forecast 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. Investors of record on Friday, May 30th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is currently -863.16%.

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.