Schiavi & Co LLC Sells 338 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Schiavi & Co LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,357 shares of the basic materials company’s stock after selling 338 shares during the period. DuPont de Nemours makes up about 0.1% of Schiavi & Co LLC’s investment portfolio, making the stock its 24th largest holding. Schiavi & Co LLC’s holdings in DuPont de Nemours were worth $270,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board bought a new stake in DuPont de Nemours in the fourth quarter worth $797,000. Mediolanum International Funds Ltd acquired a new stake in shares of DuPont de Nemours in the 1st quarter worth $2,842,000. Red Mountain Financial LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $980,000. CIBC Private Wealth Group LLC increased its stake in DuPont de Nemours by 6.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock valued at $1,198,000 after purchasing an additional 982 shares in the last quarter. Finally, Beacon Financial Group acquired a new stake in DuPont de Nemours during the 4th quarter worth about $2,310,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 1.3 %

DuPont de Nemours stock opened at $81.42 on Friday. The firm’s 50 day moving average price is $80.42 and its two-hundred day moving average price is $78.07. The firm has a market cap of $34.01 billion, a price-to-earnings ratio of 99.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, research analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is 185.37%.

Analysts Set New Price Targets

DD has been the subject of a number of analyst reports. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and upped their price target for the stock from $78.00 to $101.00 in a report on Friday, May 17th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price target for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Barclays upped their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Finally, UBS Group upped their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

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.