Holderness Investments Co. Lowers Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Holderness Investments Co. cut its position in DuPont de Nemours, Inc. (NYSE:DD) by 2.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,676 shares of the basic materials company’s stock after selling 336 shares during the quarter. Holderness Investments Co.’s holdings in DuPont de Nemours were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vermillion Wealth Management Inc. purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $28,000. JNBA Financial Advisors lifted its stake in DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. lifted its stake in DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 248 shares in the last quarter. Covestor Ltd lifted its stake in DuPont de Nemours by 78.8% in the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 197 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $36,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DD has been the topic of a number of research analyst reports. UBS Group increased their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Barclays decreased their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. KeyCorp increased their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Finally, Morgan Stanley decreased their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.25.

DuPont de Nemours Price Performance

DD stock opened at $73.98 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The firm’s fifty day moving average is $71.59 and its 200 day moving average is $71.59. The firm has a market cap of $30.98 billion, a P/E ratio of -157.40, a P/E/G ratio of 1.79 and a beta of 1.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the firm earned $0.97 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.2%. DuPont de Nemours’s dividend payout ratio is presently -348.94%.

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.