Coldstream Capital Management Inc. Sells 578 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Coldstream Capital Management Inc. reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,619 shares of the basic materials company’s stock after selling 578 shares during the quarter. Coldstream Capital Management Inc.’s holdings in DuPont de Nemours were worth $886,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DD. Choreo LLC lifted its stake in shares of DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after buying an additional 8,205 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in DuPont de Nemours during the fourth quarter worth about $1,343,000. Grandfield & Dodd LLC increased its holdings in DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after buying an additional 3,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after buying an additional 91,108 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DD has been the subject of several recent research reports. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada cut their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their target price on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Citigroup dropped their target price on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, KeyCorp raised DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 price objective on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.93.

DuPont de Nemours Stock Performance

Shares of DD opened at $65.69 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company has a 50-day simple moving average of $71.07 and a two-hundred day simple moving average of $77.13. The firm has a market capitalization of $27.49 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.50%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

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.