Thrivent Financial for Lutherans Buys 23,750 Shares of DuPont de Nemours, Inc. $DD

Thrivent Financial for Lutherans boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 5.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 449,779 shares of the basic materials company’s stock after purchasing an additional 23,750 shares during the period. Thrivent Financial for Lutherans’ holdings in DuPont de Nemours were worth $30,852,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DD. AdvisorNet Financial Inc boosted its holdings in shares of DuPont de Nemours by 3.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after acquiring an additional 134 shares in the last quarter. Sagespring Wealth Partners LLC raised its position in DuPont de Nemours by 3.9% in the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 140 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in shares of DuPont de Nemours by 64.4% during the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Summit Financial LLC grew its holdings in shares of DuPont de Nemours by 3.7% during the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock worth $304,000 after purchasing an additional 146 shares during the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co increased its stake in shares of DuPont de Nemours by 3.8% in the second quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 4,090 shares of the basic materials company’s stock valued at $281,000 after buying an additional 150 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DD shares. Zacks Research downgraded shares of DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. KeyCorp dropped their price target on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday, December 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Finally, BMO Capital Markets cut their target price on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.88.

Insiders Place Their Bets

In other DuPont de Nemours news, SVP Erik T. Hoover sold 6,005 shares of DuPont de Nemours stock in a transaction on Friday, November 28th. The shares were 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 directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lori Koch sold 9,011 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.46, for a total transaction of $355,574.06. Following the transaction, the chief executive officer owned 288,326 shares in the company, valued at $11,377,343.96. This represents a 3.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.61% of the company’s stock.

DuPont de Nemours Stock Down 0.8%

Shares of DuPont de Nemours stock opened at $40.61 on Tuesday. The stock’s 50-day moving average is $37.12 and its 200 day moving average is $33.01. DuPont de Nemours, Inc. has a one year low of $22.50 and a one year high of $41.83. The firm has a market cap of $17.02 billion, a price-to-earnings ratio of -22.07, a PEG ratio of 2.35 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63.

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

DuPont de Nemours Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.80 annualized dividend and a yield of 2.0%. DuPont de Nemours’s dividend payout ratio is currently -43.48%.

DuPont de Nemours declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 6th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 12.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

DuPont de Nemours Company 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.