Schechter Investment Advisors LLC Decreases Position in DuPont de Nemours, Inc. (NYSE:DD)

Schechter Investment Advisors LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,509 shares of the basic materials company’s stock after selling 414 shares during the quarter. Schechter Investment Advisors LLC’s holdings in DuPont de Nemours were worth $1,030,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at about $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours in the 3rd quarter valued at about $38,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at about $33,000. Finally, FSA Wealth Management LLC acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $39,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 3.8 %

Shares of NYSE DD opened at $78.69 on Tuesday. The company has a 50 day simple moving average of $78.04 and a 200-day simple moving average of $81.35. The company has a market capitalization of $32.90 billion, a P/E ratio of 47.12, a P/E/G ratio of 2.15 and a beta of 1.34. 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 1 year low of $68.81 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.08%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Analysts Set New Price Targets

A number of research firms have commented on DD. 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. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Friday, January 17th. Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Company cut their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

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.