St. James Investment Company LLC Sells 145,921 Shares of DuPont de Nemours, Inc. (NYSE:DD)

St. James Investment Company LLC cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 51.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 135,806 shares of the basic materials company's stock after selling 145,921 shares during the quarter. DuPont de Nemours accounts for about 1.7% of St. James Investment Company LLC's investment portfolio, making the stock its 20th largest holding. St. James Investment Company LLC's holdings in DuPont de Nemours were worth $10,142,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Resonant Capital Advisors LLC acquired a new position in DuPont de Nemours in the first quarter worth approximately $210,000. Klingenstein Fields & Co. LP increased its stake in shares of DuPont de Nemours by 0.9% during the 1st quarter. Klingenstein Fields & Co. LP now owns 256,522 shares of the basic materials company's stock worth $19,157,000 after purchasing an additional 2,282 shares during the last quarter. Phraction Management LLC raised its holdings in shares of DuPont de Nemours by 9.0% during the 1st quarter. Phraction Management LLC now owns 26,536 shares of the basic materials company's stock valued at $1,982,000 after purchasing an additional 2,195 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in shares of DuPont de Nemours by 37.4% in the 1st quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock valued at $1,787,000 after purchasing an additional 6,509 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in DuPont de Nemours by 6.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,196 shares of the basic materials company's stock valued at $4,047,000 after buying an additional 3,356 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. KeyCorp raised their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Morgan Stanley lowered their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Mizuho lowered their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. UBS Group raised their target price on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.77.

DuPont de Nemours Price Performance

DD stock traded up $0.85 during trading on Thursday, hitting $73.80. The company had a trading volume of 2,263,916 shares, compared to its average volume of 2,436,186. The company has a fifty day moving average price of $67.81 and a two-hundred day moving average price of $72.18. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The company has a market cap of $30.89 billion, a P/E ratio of -388.42, a P/E/G ratio of 2.07 and a beta of 1.04. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week 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 business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. DuPont de Nemours's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. 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 firm 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 $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio 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.