XTX Topco Ltd Sells 13,709 Shares of DuPont de Nemours, Inc. $DD

XTX Topco Ltd cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 76.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 4,157 shares of the basic materials company’s stock after selling 13,709 shares during the period. XTX Topco Ltd’s holdings in DuPont de Nemours were worth $285,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Insigneo Advisory Services LLC grew its stake in DuPont de Nemours by 41.5% during the second quarter. Insigneo Advisory Services LLC now owns 7,889 shares of the basic materials company’s stock valued at $541,000 after acquiring an additional 2,312 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of DuPont de Nemours by 3.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,047,323 shares of the basic materials company’s stock valued at $209,016,000 after purchasing an additional 113,810 shares in the last quarter. Nemes Rush Group LLC increased its holdings in shares of DuPont de Nemours by 47.2% in the second quarter. Nemes Rush Group LLC now owns 4,193 shares of the basic materials company’s stock worth $288,000 after purchasing an additional 1,345 shares during the period. AlphaCore Capital LLC purchased a new stake in shares of DuPont de Nemours in the second quarter worth $156,000. Finally, Mufg Securities Americas Inc. boosted its stake in DuPont de Nemours by 25.3% during the second quarter. Mufg Securities Americas Inc. now owns 9,275 shares of the basic materials company’s stock valued at $636,000 after buying an additional 1,875 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DD shares. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday, December 1st. UBS Group boosted their price objective on DuPont de Nemours to $44.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Citigroup raised their target price on shares of DuPont de Nemours from $38.90 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Finally, KeyCorp lowered their price objective on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.88.

Insider Buying and Selling at DuPont de Nemours

In other news, SVP Erik T. Hoover sold 6,005 shares of the business’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.79, for a total value of $238,938.95. Following the completion of the sale, the senior vice president owned 112,101 shares of the company’s stock, valued at approximately $4,460,498.79. The trade was a 5.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Steven P. Larrabee sold 103,267 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $32.29, for a total value of $3,334,357.49. Following the transaction, the senior vice president owned 92,218 shares in the company, valued at approximately $2,977,599.61. The trade was a 52.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 118,283 shares of company stock worth $3,928,870 over the last three months. Company insiders own 0.61% of the company’s stock.

DuPont de Nemours Stock Up 0.2%

Shares of DD opened at $40.58 on Tuesday. DuPont de Nemours, Inc. has a 1 year low of $22.50 and a 1 year high of $41.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63. The stock has a 50 day simple moving average of $36.36 and a two-hundred day simple moving average of $32.58. The firm has a market cap of $17.00 billion, a P/E ratio of -22.05, a P/E/G ratio of 2.33 and a beta of 1.09.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.29 EPS for the quarter. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. The firm had revenue of $3.02 billion for the quarter. On average, analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.80 annualized dividend and a yield of 2.0%. DuPont de Nemours’s payout ratio is currently -43.48%.

DuPont de Nemours announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to reacquire up to 12.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

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.