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

Schechter Investment Advisors LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 11.2% in the 4th quarter, HoldingsChannel reports. The fund owned 15,507 shares of the basic materials company’s stock after selling 1,961 shares during the period. 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 large investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. purchased a new stake in shares of DuPont de Nemours in the 1st quarter valued at approximately $50,000. United Bank increased its stake in shares of DuPont de Nemours by 7.6% during the 1st quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after purchasing an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of DuPont de Nemours during the 1st quarter worth $195,000. Blair William & Co. IL increased its stake in shares of DuPont de Nemours by 0.9% during the 1st quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after purchasing an additional 866 shares during the last quarter. Finally, Prudential PLC acquired a new position in shares of DuPont de Nemours during the 1st quarter worth $821,000. 73.96% of the stock is currently owned by institutional investors.

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.

Analysts Set New Price Targets

Several research analysts have recently commented on DD shares. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their target price for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. Wells Fargo & Company lowered shares of DuPont de Nemours from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $85.00 to $69.00 in a research note on Wednesday, January 24th. Finally, Wolfe Research started coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $76.60.

DuPont de Nemours Price Performance

NYSE:DD opened at $76.53 on Thursday. The company has a 50-day moving average of $69.61 and a 200-day moving average of $71.96. The company has a market capitalization of $31.96 billion, a price-to-earnings ratio of 82.29, a PEG ratio of 2.53 and a beta of 1.39. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the firm posted $0.89 EPS. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, equities research analysts anticipate 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%.

About DuPont de Nemours

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.