Connors Investor Services Inc. Sells 1,752 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Connors Investor Services Inc. cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 191,844 shares of the basic materials company’s stock after selling 1,752 shares during the period. Connors Investor Services Inc.’s holdings in DuPont de Nemours were worth $14,628,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC grew its holdings in DuPont de Nemours by 2.8% during the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 129 shares during the period. Lake Street Advisors Group LLC grew its holdings in DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after buying an additional 132 shares in the last quarter. Global Trust Asset Management LLC increased its position in DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after purchasing an additional 133 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after buying an additional 137 shares during the last quarter. Finally, Hancock Whitney Corp increased its stake in DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock worth $429,000 after acquiring an additional 143 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DD shares. KeyCorp upgraded shares of DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 price target on the stock in a report on Monday, April 14th. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and cut their target price for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Citigroup dropped 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 research note on Tuesday, April 8th. UBS Group cut their price target on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, BMO Capital Markets upped their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Four investment 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.79.

DuPont de Nemours Trading Up 0.3 %

DD opened at $65.85 on Wednesday. The stock has a market capitalization of $27.56 billion, a PE ratio of 39.43, a P/E/G ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The business’s 50 day moving average price is $70.73 and its 200 day moving average price is $77.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

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 return on equity of 7.12% and a net margin of 5.47%. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.49%. DuPont de Nemours’s dividend payout ratio is presently 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.