Chickasaw Capital Management LLC Sells 200 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Chickasaw Capital Management LLC decreased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,933 shares of the basic materials company’s stock after selling 200 shares during the period. Chickasaw Capital Management LLC’s holdings in DuPont de Nemours were worth $300,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DD. Private Advisor Group LLC raised its holdings in shares of DuPont de Nemours by 31.8% in the second quarter. Private Advisor Group LLC now owns 70,087 shares of the basic materials company’s stock worth $5,641,000 after buying an additional 16,900 shares during the period. Candriam S.C.A. boosted its stake in shares of DuPont de Nemours by 4.8% during the second quarter. Candriam S.C.A. now owns 30,624 shares of the basic materials company’s stock valued at $2,465,000 after purchasing an additional 1,400 shares during the period. Savant Capital LLC lifted its holdings in DuPont de Nemours by 52.4% during the 2nd quarter. Savant Capital LLC now owns 26,029 shares of the basic materials company’s stock valued at $2,095,000 after buying an additional 8,955 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in DuPont de Nemours by 4.2% in the 2nd quarter. Lake Street Advisors Group LLC now owns 4,049 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 165 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of DuPont de Nemours by 1,285.4% during the second quarter. Acadian Asset Management LLC now owns 12,372 shares of the basic materials company’s stock valued at $993,000 after acquiring an additional 11,479 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

NYSE DD traded down $0.55 during mid-day trading on Tuesday, hitting $74.71. The stock had a trading volume of 1,083,006 shares, compared to its average volume of 2,101,713. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The firm’s 50 day moving average is $81.09 and its 200 day moving average is $81.72. The stock has a market capitalization of $31.23 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 1.97 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Friday, November 29th. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley raised their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Barclays boosted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Citigroup lowered their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Finally, Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

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.