Sage Mountain Advisors LLC Trims Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Sage Mountain Advisors LLC reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,045 shares of the basic materials company’s stock after selling 488 shares during the period. Sage Mountain Advisors LLC’s holdings in DuPont de Nemours were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DD. CWA Asset Management Group LLC purchased a new position in DuPont de Nemours during the third quarter valued at approximately $313,000. United Bank raised its position in shares of DuPont de Nemours by 2.7% during the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after purchasing an additional 290 shares during the period. Assetmark Inc. lifted its stake in shares of DuPont de Nemours by 72.5% during the 3rd quarter. Assetmark Inc. now owns 1,659 shares of the basic materials company’s stock valued at $148,000 after buying an additional 697 shares in the last quarter. Atria Investments Inc boosted its holdings in DuPont de Nemours by 16.6% in the 3rd quarter. Atria Investments Inc now owns 31,358 shares of the basic materials company’s stock worth $2,794,000 after buying an additional 4,460 shares during the period. Finally, Sigma Planning Corp increased its stake in DuPont de Nemours by 2.7% in the 3rd quarter. Sigma Planning Corp now owns 13,366 shares of the basic materials company’s stock worth $1,191,000 after buying an additional 348 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DD shares. UBS Group boosted their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Trading Down 0.8 %

DD opened at $76.25 on Wednesday. The stock has a 50-day moving average of $78.17 and a 200 day moving average of $81.25. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $71.36 and a 12 month high of $90.06. The firm has a market cap of $31.87 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last announced its 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%. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

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.