DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 12.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 480,286 shares of the basic materials company’s stock after selling 65,590 shares during the quarter. Envestnet Asset Management Inc. owned about 0.11% of DuPont de Nemours worth $38,658,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in DD. Thoroughbred Financial Services LLC acquired a new stake in DuPont de Nemours in the second quarter worth $621,000. 1ST Source Bank lifted its position in DuPont de Nemours by 1.2% in the 2nd quarter. 1ST Source Bank now owns 18,660 shares of the basic materials company’s stock valued at $1,502,000 after purchasing an additional 230 shares during the last quarter. SYM FINANCIAL Corp acquired a new position in DuPont de Nemours during the 2nd quarter valued at about $300,000. HBK Sorce Advisory LLC grew its position in DuPont de Nemours by 7.0% in the 2nd quarter. HBK Sorce Advisory LLC now owns 5,339 shares of the basic materials company’s stock worth $430,000 after purchasing an additional 350 shares during the last quarter. Finally, Meeder Advisory Services Inc. increased its stake in shares of DuPont de Nemours by 33.5% in the second quarter. Meeder Advisory Services Inc. now owns 12,464 shares of the basic materials company’s stock valued at $1,003,000 after purchasing an additional 3,125 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DD. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Mizuho raised their price target on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Citigroup lowered their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Barclays upped their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $83.18 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The company has a market capitalization of $34.78 billion, a PE ratio of 101.44, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The stock has a fifty day moving average of $80.62 and a 200-day moving average of $78.40. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. DuPont de Nemours’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

DuPont de Nemours Company 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.