Linscomb & Williams Inc. Sells 497 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Linscomb & Williams Inc. lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,871 shares of the basic materials company’s stock after selling 497 shares during the quarter. Linscomb & Williams Inc.’s holdings in DuPont de Nemours were worth $1,221,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Financial Advisors bought a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $25,000. Cassady Schiller Wealth Management LLC boosted its position in shares of DuPont de Nemours by 153.5% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 261 shares during the period. Grove Bank & Trust lifted its position in DuPont de Nemours by 55.1% in the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 188 shares during the period. AlphaMark Advisors LLC bought a new position in DuPont de Nemours in the fourth quarter worth $41,000. Finally, Arlington Trust Co LLC bought a new position in DuPont de Nemours in the fourth quarter worth $44,000. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on DD shares. Mizuho raised their target price on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Royal Bank of Canada increased their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $83.00 to $96.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.50.

DuPont de Nemours Stock Performance

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

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 analysts’ consensus estimates of $0.65 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. As a group, research analysts predict that DuPont de Nemours, Inc. will post 3.64 EPS for the current year.

DuPont de Nemours Announces Dividend

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

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the sale, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The disclosure for this sale can be found here. Insiders sold a total of 22,193 shares of company stock valued at $1,726,655 in the last 90 days. 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.