Assetmark Inc. Sells 158 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Assetmark Inc. lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 16.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 784 shares of the basic materials company’s stock after selling 158 shares during the period. Assetmark Inc.’s holdings in DuPont de Nemours were worth $59,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Marshall Wace LLP boosted its stake in shares of DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock valued at $112,219,000 after purchasing an additional 1,024,075 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in DuPont de Nemours by 87.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company’s stock valued at $147,929,000 after acquiring an additional 922,387 shares during the last quarter. Northern Trust Corp boosted its holdings in DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock valued at $376,051,000 after acquiring an additional 690,218 shares during the last quarter. Raymond James Financial Inc. acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $50,063,000. Finally, GAMMA Investing LLC lifted its stake in DuPont de Nemours by 7,327.1% in the first quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company’s stock valued at $45,621,000 after buying an additional 602,657 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DD shares. Mizuho boosted their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, July 15th. Royal Bank Of Canada dropped their price target on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. UBS Group upped their target price on DuPont de Nemours from $87.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. Finally, Morgan Stanley lowered their target price on DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $87.50.

DuPont de Nemours Stock Up 1.3%

Shares of NYSE:DD opened at $70.86 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The company has a market capitalization of $29.65 billion, a PE ratio of -372.93, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The business has a fifty day moving average price of $71.07 and a two-hundred day moving average price of $71.81.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion during 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%. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.79 EPS. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. DuPont de Nemours’s dividend payout ratio is -863.16%.

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.