Tectonic Advisors LLC Sells 6,796 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Tectonic Advisors LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 54.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,699 shares of the basic materials company's stock after selling 6,796 shares during the quarter. Tectonic Advisors LLC's holdings in DuPont de Nemours were worth $426,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd raised its position 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 valued at $28,000 after buying an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $28,000. JNBA Financial Advisors raised its position in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after buying an additional 216 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after buying an additional 248 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of DuPont de Nemours by 78.8% during the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock valued at $34,000 after buying an additional 197 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $73.95 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The company has a 50 day moving average price of $69.56 and a 200-day moving average price of $71.96. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a market capitalization of $30.95 billion, a PE ratio of -389.19, a P/E/G ratio of 2.10 and a beta of 1.04.

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 (EPS) for the quarter, beating 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 firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the firm earned $0.79 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 2.22%. DuPont de Nemours's dividend payout ratio is presently -863.16%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DD shares. KeyCorp increased their price objective on shares of DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Monday. Mizuho increased their price objective on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their price objective for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, Morgan Stanley reduced their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.15.

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.

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