William B. Walkup & Associates Inc. Trims Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

William B. Walkup & Associates Inc. cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,986 shares of the basic materials company’s stock after selling 262 shares during the period. William B. Walkup & Associates Inc.’s holdings in DuPont de Nemours were worth $533,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DD. Woodline Partners LP lifted its stake in shares of DuPont de Nemours by 54.8% in the 4th quarter. Woodline Partners LP now owns 492,823 shares of the basic materials company’s stock valued at $37,578,000 after purchasing an additional 174,375 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in DuPont de Nemours in the fourth quarter valued at approximately $510,000. Vident Advisory LLC lifted its position in DuPont de Nemours by 261.2% during the fourth quarter. Vident Advisory LLC now owns 26,632 shares of the basic materials company’s stock valued at $2,031,000 after buying an additional 19,259 shares in the last quarter. Twinbeech Capital LP purchased a new stake in DuPont de Nemours during the fourth quarter worth approximately $386,000. Finally, Tidal Investments LLC grew its stake in DuPont de Nemours by 28.7% during the fourth quarter. Tidal Investments LLC now owns 41,262 shares of the basic materials company’s stock worth $3,146,000 after buying an additional 9,201 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DD. Citigroup reduced their target price 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. KeyCorp boosted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. UBS Group lowered their target price on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Barclays dropped their target price on 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, Royal Bank of Canada decreased their price target 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. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus price target of $85.15.

DuPont de Nemours Trading Down 0.6%

NYSE DD opened at $68.90 on Tuesday. The company has a market capitalization of $28.83 billion, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. 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 12 month low of $53.77 and a 12 month high of $90.06. The company’s fifty day moving average price is $67.40 and its two-hundred day moving average price is $75.35.

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

DuPont de Nemours Dividend Announcement

The firm 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 $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

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.