Capital Investment Advisors LLC Sells 765 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Capital Investment Advisors LLC trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 7.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,007 shares of the basic materials company’s stock after selling 765 shares during the quarter. Capital Investment Advisors LLC’s holdings in DuPont de Nemours were worth $747,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd raised its holdings in 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 during the last quarter. Vermillion Wealth Management Inc. bought a new stake in DuPont de Nemours during the 4th quarter valued at $28,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the 4th quarter valued at $31,000. Golden State Wealth Management LLC bought a new stake in DuPont de Nemours during the 4th quarter valued at $33,000. Finally, Covestor Ltd raised its holdings in 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 during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $70.12 on Wednesday. The firm’s 50-day moving average price is $64.98 and its 200-day moving average price is $73.72. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $29.35 billion, a PE ratio of 41.99, a PEG ratio of 2.15 and a beta of 1.05. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results 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. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s payout ratio is presently -863.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Barclays lowered their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. JPMorgan Chase & Co. upped their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Citigroup cut their price objective on shares of 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. Wells Fargo & Company cut their price objective on shares of 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. Finally, KeyCorp increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.92.

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.