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

Schechter Investment Advisors LLC cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,509 shares of the basic materials company’s stock after selling 414 shares during the period. Schechter Investment Advisors LLC’s holdings in DuPont de Nemours were worth $1,030,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $29,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $33,000. Noble Wealth Management PBC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $35,000. Finally, R Squared Ltd acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $37,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 3.8 %

DD stock opened at $78.69 on Tuesday. The company’s 50-day simple moving average is $78.04 and its 200-day simple moving average is $81.35. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 52-week low of $68.81 and a 52-week high of $90.06. The firm has a market cap of $32.90 billion, a P/E ratio of 47.12, a PEG ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. cut their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Citigroup upped their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours 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.