Salvus Wealth Management LLC Sells 3,803 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Salvus Wealth Management LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 52.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,493 shares of the basic materials company’s stock after selling 3,803 shares during the quarter. Salvus Wealth Management LLC’s holdings in DuPont de Nemours were worth $261,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $146,605,000. Marshall Wace LLP raised its stake in DuPont de Nemours by 228.8% in the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock worth $112,219,000 after purchasing an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after buying an additional 986,366 shares during the period. Schroder Investment Management Group increased its position in DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock worth $86,971,000 after purchasing an additional 756,604 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock valued at $376,051,000 after purchasing an additional 690,218 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $67.92 on Thursday. The stock has a market capitalization of $28.42 billion, a PE ratio of 40.67, a PEG ratio of 2.15 and a beta of 1.05. The business’s 50 day simple moving average is $65.35 and its 200 day simple moving average is $74.16. 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.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the company earned $0.79 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is -863.16%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. KeyCorp boosted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Royal Bank of Canada lowered their target price on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Citigroup cut their price target on 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. Finally, Wall Street Zen cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.92.

About DuPont de Nemours

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.