Redwood Investment Management LLC Trims Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Redwood Investment Management LLC cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 94.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,626 shares of the basic materials company's stock after selling 67,200 shares during the period. Redwood Investment Management LLC's holdings in DuPont de Nemours were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Level Four Advisory Services LLC lifted its position in shares of DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after buying an additional 129 shares in the last quarter. Lake Street Advisors Group LLC increased its stake in DuPont de Nemours by 3.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock worth $323,000 after acquiring an additional 132 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock valued at $704,000 after buying an additional 133 shares during the period. Avior Wealth Management LLC raised its holdings in DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock valued at $57,000 after buying an additional 137 shares during the period. Finally, Hancock Whitney Corp raised its holdings in DuPont de Nemours by 2.6% during the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after buying an additional 143 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on DD shares. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Royal Bank of Canada cut their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company dropped their price target on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Citigroup dropped their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, BMO Capital Markets increased their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.15.

DuPont de Nemours Stock Down 0.1%

DuPont de Nemours stock traded down $0.06 during midday trading on Tuesday, reaching $68.86. The company's stock had a trading volume of 3,648,101 shares, compared to its average volume of 2,460,322. The stock's 50-day simple moving average is $67.40 and its 200-day simple moving average is $75.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The stock has a market capitalization of $28.82 billion, a P/E ratio of 41.23, a PEG ratio of 2.15 and a beta of 1.07.

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

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's payout ratio is -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.