DuPont de Nemours, Inc. (NYSE:DD) Stake Lessened by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 11.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,507 shares of the basic materials company’s stock after selling 1,961 shares during the quarter. Schechter Investment Advisors LLC’s holdings in DuPont de Nemours were worth $1,193,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lido Advisors LLC lifted its position in DuPont de Nemours by 10.4% in the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after buying an additional 1,609 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $1,859,000. Premier Path Wealth Partners LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $1,031,000. Axxcess Wealth Management LLC increased its stake in shares of DuPont de Nemours by 424.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 28,568 shares of the basic materials company’s stock worth $2,131,000 after purchasing an additional 23,116 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of DuPont de Nemours by 4.8% during the 3rd quarter. Park Avenue Securities LLC now owns 14,507 shares of the basic materials company’s stock worth $1,082,000 after purchasing an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.50% of the company’s stock.

DuPont de Nemours Trading Up 1.3 %

Shares of DD stock opened at $76.53 on Thursday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74. The company has a market capitalization of $31.96 billion, a P/E ratio of 82.29, a P/E/G ratio of 2.53 and a beta of 1.39. The firm has a 50-day moving average price of $69.61 and a 200 day moving average price of $71.96. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. Research analysts forecast that DuPont de Nemours, Inc. will post 3.44 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.99%. DuPont de Nemours’s payout ratio is currently 163.44%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DD shares. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Mizuho lowered their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Wolfe Research began coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.60.

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.