Williams Jones Wealth Management LLC. Reduces Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Williams Jones Wealth Management LLC. reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,032 shares of the basic materials company’s stock after selling 500 shares during the period. Williams Jones Wealth Management LLC.’s holdings in DuPont de Nemours were worth $536,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd boosted its holdings in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after buying an additional 302 shares in the last quarter. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at $29,000. Vision Financial Markets LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at $31,000. Finally, Golden State Wealth Management LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DD has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada decreased their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Mizuho decreased their price objective on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Barclays decreased their price objective 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. Finally, Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $85.92.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $67.87 on Thursday. The firm has a 50-day simple moving average of $67.09 and a 200-day simple moving average of $75.25. The stock has a market capitalization of $28.40 billion, a price-to-earnings ratio of 40.64, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. 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 $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the business earned $0.79 earnings per share. DuPont de Nemours’s revenue was up 4.6% compared to the same quarter last year. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s payout ratio is currently -863.16%.

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.