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

Chickasaw Capital Management LLC decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Diversified Trust Co raised its stake in shares of DuPont de Nemours by 27.5% during the fourth quarter. Diversified Trust Co now owns 8,436 shares of the basic materials company’s stock valued at $643,000 after acquiring an additional 1,820 shares during the last quarter. Bangor Savings Bank lifted its stake in DuPont de Nemours by 22.6% in the fourth quarter. Bangor Savings Bank now owns 1,075 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 198 shares during the period. Principal Financial Group Inc. increased its position in DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after purchasing an additional 21,435 shares during the period. Garden State Investment Advisory Services LLC bought a new position in DuPont de Nemours in the 3rd quarter worth $203,000. Finally, Franklin Resources Inc. lifted its position in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DD stock traded down $0.55 during trading on Tuesday, reaching $74.71. The stock had a trading volume of 1,083,006 shares, compared to its average volume of 2,101,713. The firm has a market cap of $31.23 billion, a PE ratio of 39.32, a PEG ratio of 1.97 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average is $81.09 and its two-hundred day moving average is $81.72. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 earnings per share. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours’s payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup lowered their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Wells Fargo & Company lifted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Barclays increased their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley boosted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.