First Horizon Advisors Inc. Reduces Position in DuPont de Nemours, Inc. (NYSE:DD)

First Horizon Advisors Inc. trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,454 shares of the basic materials company’s stock after selling 657 shares during the period. First Horizon Advisors Inc.’s holdings in DuPont de Nemours were worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. boosted its holdings in shares of DuPont de Nemours by 25.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,113 shares of the basic materials company’s stock valued at $754,000 after acquiring an additional 2,044 shares during the last quarter. Brown Advisory Inc. boosted its holdings in DuPont de Nemours by 0.3% in the third quarter. Brown Advisory Inc. now owns 347,416 shares of the basic materials company’s stock valued at $25,914,000 after purchasing an additional 957 shares during the last quarter. Cutler Investment Counsel LLC boosted its holdings in DuPont de Nemours by 0.3% in the third quarter. Cutler Investment Counsel LLC now owns 110,944 shares of the basic materials company’s stock valued at $8,275,000 after purchasing an additional 382 shares during the last quarter. Everhart Financial Group Inc. grew its position in DuPont de Nemours by 8.4% during the 3rd quarter. Everhart Financial Group Inc. now owns 4,452 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 345 shares during the period. Finally, Lindbrook Capital LLC raised its stake in shares of DuPont de Nemours by 12.8% during the 3rd quarter. Lindbrook Capital LLC now owns 2,845 shares of the basic materials company’s stock valued at $212,000 after buying an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on DD shares. Mizuho raised their target price on DuPont de Nemours from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup lifted their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Bank of America downgraded shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and increased their price target for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Hold” and an average target price of $80.00.

DuPont de Nemours Stock Down 0.1 %

DD stock opened at $77.67 on Friday. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $79.19. The company has a quick ratio of 1.73, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The firm has a 50-day simple moving average of $73.93 and a 200-day simple moving average of $72.12. The stock has a market capitalization of $32.47 billion, a P/E ratio of 94.72, a P/E/G ratio of 2.48 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.65 by $0.14. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 EPS. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.96%. DuPont de Nemours’s payout ratio is currently 185.37%.

Insiders Place Their Bets

In related news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

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.