Verdence Capital Advisors LLC Sells 453 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Verdence Capital Advisors LLC reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 21,344 shares of the basic materials company’s stock after selling 453 shares during the quarter. Verdence Capital Advisors LLC’s holdings in DuPont de Nemours were worth $1,594,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DD. Brighton Jones LLC boosted its position in shares of DuPont de Nemours by 19.6% during the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock valued at $382,000 after purchasing an additional 822 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $211,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of DuPont de Nemours by 0.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 38,718 shares of the basic materials company’s stock valued at $2,952,000 after purchasing an additional 196 shares in the last quarter. Harbour Investments Inc. boosted its position in shares of DuPont de Nemours by 7.6% during the fourth quarter. Harbour Investments Inc. now owns 4,953 shares of the basic materials company’s stock valued at $378,000 after purchasing an additional 350 shares in the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in shares of DuPont de Nemours by 4.9% during the fourth quarter. Axxcess Wealth Management LLC now owns 31,204 shares of the basic materials company’s stock valued at $2,379,000 after purchasing an additional 1,453 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

NYSE:DD opened at $74.52 on Friday. The firm has a market capitalization of $31.19 billion, a price-to-earnings ratio of -392.23, a PEG ratio of 2.10 and a beta of 1.04. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The business has a 50 day simple moving average of $69.72 and a 200-day simple moving average of $71.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. DuPont de Nemours’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.79 EPS. Equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.20%. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group lifted their price target on DuPont de Nemours from $85.00 to $87.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Mizuho upped their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank Of Canada reduced their price objective on 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. Finally, KeyCorp upped their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $88.15.

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.