Avior Wealth Management LLC Has $38,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Avior Wealth Management LLC cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 80.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 494 shares of the basic materials company’s stock after selling 2,034 shares during the period. Avior Wealth Management LLC’s holdings in DuPont de Nemours were worth $38,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DD. Peoples Bank KS acquired a new position in shares of DuPont de Nemours in the 3rd quarter worth approximately $25,000. Cornerstone Planning Group LLC acquired a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $26,000. Carmel Capital Partners LLC acquired a new position in shares of DuPont de Nemours during the 3rd quarter valued at $36,000. Finally, AlphaMark Advisors LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at $41,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of a number of research reports. BMO Capital Markets downgraded shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. Mizuho dropped their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Citigroup boosted their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Wolfe Research began coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Stock Performance

NYSE DD opened at $73.89 on Monday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $78.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The firm has a market cap of $30.89 billion, a price-to-earnings ratio of 79.45, a PEG ratio of 2.45 and a beta of 1.40. The company has a fifty day moving average price of $72.65 and a 200-day moving average price of $72.11.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.49 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, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.06%. DuPont de Nemours’s payout ratio is currently 163.44%.

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.