DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,121 shares of the basic materials company’s stock after selling 4,091 shares during the period. Private Advisor Group LLC’s holdings in DuPont de Nemours were worth $4,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Peoples Bank KS purchased a new position in shares of DuPont de Nemours in the third quarter valued at approximately $25,000. Carmel Capital Partners LLC acquired a new stake in DuPont de Nemours during the 3rd quarter worth $36,000. AlphaMark Advisors LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth $41,000. Grove Bank & Trust raised its position in shares of DuPont de Nemours by 55.1% in the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock valued at $41,000 after buying an additional 188 shares during the last quarter. Finally, Arlington Trust Co LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

DD has been the subject of a number of recent research reports. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Wolfe Research began coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Bank of America cut shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price target for the company from $78.00 to $80.00 in a research report on Tuesday, January 16th. Finally, Barclays raised their price objective on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.00.

DuPont de Nemours Stock Up 0.8 %

NYSE:DD opened at $78.80 on Friday. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $79.63. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $74.66 and its two-hundred day moving average is $72.25. The stock has a market capitalization of $32.95 billion, a price-to-earnings ratio of 96.10, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last released its 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 return on equity of 6.07% and a net margin of 2.75%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the company posted $0.84 EPS. DuPont de Nemours’s revenue was down 2.9% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.61 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.52 annualized dividend and a dividend yield of 1.93%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Insider Transactions at DuPont de Nemours

In related news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

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.