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

Segment Wealth Management LLC lowered its stake in DuPont de Nemours, Inc. (NYSE:DD) by 16.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,310 shares of the basic materials company’s stock after selling 830 shares during the period. Segment Wealth Management LLC’s holdings in DuPont de Nemours were worth $322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DD. Vanguard Group Inc. grew its holdings in shares of DuPont de Nemours by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock worth $3,552,961,000 after acquiring an additional 353,010 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock valued at $525,683,000 after purchasing an additional 483,722 shares during the period. Northern Trust Corp increased its stake in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock worth $376,051,000 after purchasing an additional 690,218 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in DuPont de Nemours by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company’s stock worth $260,276,000 after buying an additional 336,000 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in DuPont de Nemours by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company’s stock worth $236,909,000 after buying an additional 417,359 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DD shares. Royal Bank Of Canada decreased their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. KeyCorp raised 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 note on Monday, May 5th. UBS Group boosted their target price on shares of DuPont de Nemours from $79.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Wall Street Zen lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Barclays lowered their price target on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.92.

DuPont de Nemours Trading Down 1.0%

DuPont de Nemours stock opened at $66.22 on Friday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The stock has a market cap of $27.71 billion, a P/E ratio of -348.55, a P/E/G ratio of 1.90 and a beta of 1.05. The company’s fifty day simple moving average is $66.44 and its 200-day simple moving average is $72.89.

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

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.41 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.48%. DuPont de Nemours’s payout ratio is -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.