DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,716,656 shares of the basic materials company’s stock after selling 114,704 shares during the period. Primecap Management Co. CA’s holdings in DuPont de Nemours were worth $208,992,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after purchasing an additional 639,246 shares during the period. Northern Trust Corp grew its position in DuPont de Nemours by 2.0% during the third quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company’s stock worth $391,295,000 after buying an additional 104,141 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of DuPont de Nemours by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock valued at $200,192,000 after acquiring an additional 101,203 shares during the period. Norges Bank acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $111,980,000. Finally, Strs Ohio boosted its stake in shares of DuPont de Nemours by 2.1% during the 4th quarter. Strs Ohio now owns 995,743 shares of the basic materials company’s stock worth $76,602,000 after acquiring an additional 20,101 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

NYSE:DD traded up $2.19 during trading hours on Friday, reaching $81.12. 6,825,618 shares of the company traded hands, compared to its average volume of 2,781,162. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $81.29. The firm’s 50-day moving average is $76.32 and its 200-day moving average is $72.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The stock has a market cap of $33.92 billion, a P/E ratio of 98.93, a P/E/G ratio of 2.28 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Insider Transactions at DuPont de Nemours

In other news, insider Leland Weaver sold 18,500 shares of the firm’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 sale, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Leland Weaver sold 18,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders have sold 22,193 shares of company stock worth $1,726,655 over the last quarter. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DD. TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Citigroup raised their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Mizuho raised their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada raised their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and raised their price objective for the company from $78.00 to $101.00 in a research note on Friday, May 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $88.50.

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.