Amalgamated Bank Has $9.14 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Amalgamated Bank cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 118,855 shares of the basic materials company’s stock after selling 4,438 shares during the quarter. Amalgamated Bank’s holdings in DuPont de Nemours were worth $9,144,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of DD. Natixis Advisors L.P. lifted its holdings in shares of DuPont de Nemours by 0.6% in the fourth quarter. Natixis Advisors L.P. now owns 603,348 shares of the basic materials company’s stock valued at $46,414,000 after purchasing an additional 3,636 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in DuPont de Nemours by 4.8% in the 4th quarter. Benjamin Edwards Inc. now owns 8,333 shares of the basic materials company’s stock valued at $641,000 after acquiring an additional 382 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in DuPont de Nemours by 7.7% in the 4th quarter. First Trust Direct Indexing L.P. now owns 11,067 shares of the basic materials company’s stock valued at $851,000 after acquiring an additional 787 shares in the last quarter. Searle & CO. grew its stake in shares of DuPont de Nemours by 4.3% during the 4th quarter. Searle & CO. now owns 8,477 shares of the basic materials company’s stock worth $652,000 after acquiring an additional 351 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in shares of DuPont de Nemours by 11.6% in the fourth quarter. Savant Capital LLC now owns 15,568 shares of the basic materials company’s stock valued at $1,198,000 after purchasing an additional 1,615 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DD opened at $77.67 on Friday. The company’s 50-day moving average is $73.93 and its 200-day moving average is $72.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.73. The firm has a market capitalization of $32.47 billion, a PE ratio of 94.72, a PEG ratio of 2.48 and a beta of 1.39. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $79.19.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the firm earned $0.84 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.61 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 1.96%. DuPont de Nemours’s payout ratio is currently 185.37%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DD. Wolfe Research started coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating for the company. Royal Bank of Canada increased their price target on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Mizuho lifted their price objective on shares of DuPont de Nemours from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $80.00.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

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.