DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 143,791 shares of the basic materials company’s stock after selling 2,196 shares during the period. Janney Capital Management LLC’s holdings in DuPont de Nemours were worth $10,738,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DD. Brighton Jones LLC increased its holdings in shares of DuPont de Nemours by 19.6% during the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock worth $382,000 after buying an additional 822 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of DuPont de Nemours by 30.0% during the 4th quarter. Principal Securities Inc. now owns 2,992 shares of the basic materials company’s stock worth $228,000 after buying an additional 691 shares during the last quarter. Allworth Financial LP increased its holdings in shares of DuPont de Nemours by 17.3% during the 4th quarter. Allworth Financial LP now owns 11,956 shares of the basic materials company’s stock worth $928,000 after buying an additional 1,763 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of DuPont de Nemours by 4.3% during the 4th quarter. J.W. Cole Advisors Inc. now owns 4,848 shares of the basic materials company’s stock worth $370,000 after buying an additional 201 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of DuPont de Nemours by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 66,039 shares of the basic materials company’s stock worth $5,035,000 after buying an additional 2,821 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DD shares. KeyCorp increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Royal Bank Of Canada lowered their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Barclays lowered their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company lowered their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup lowered their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.92.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $66.81 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The stock has a market capitalization of $27.96 billion, a PE ratio of -351.62, a P/E/G ratio of 1.91 and a beta of 1.05. The firm has a 50 day moving average of $66.11 and a two-hundred day moving average of $73.12.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company posted $0.79 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.45%. DuPont de Nemours’s dividend payout ratio (DPR) is currently -863.16%.

DuPont de Nemours Profile

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.