Aviso Wealth Management Cuts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Aviso Wealth Management cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,722 shares of the basic materials company’s stock after selling 373 shares during the period. Aviso Wealth Management’s holdings in DuPont de Nemours were worth $436,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours in the fourth quarter worth $31,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours during the fourth quarter worth $33,000. Finally, Noble Wealth Management PBC bought a new position in DuPont de Nemours during the fourth quarter valued at $35,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent analyst reports. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Citigroup upped their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. UBS Group raised their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $76.46 on Wednesday. The firm has a market capitalization of $31.96 billion, a P/E ratio of 45.78, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $78.53 and a 200 day moving average price of $80.84.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

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.