Allspring Global Investments Holdings LLC Sells 2,256 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Allspring Global Investments Holdings LLC cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,488 shares of the basic materials company’s stock after selling 2,256 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in DuPont de Nemours were worth $1,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lido Advisors LLC boosted its stake in shares of DuPont de Nemours by 10.4% during the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after buying an additional 1,609 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $1,859,000. Premier Path Wealth Partners LLC bought a new position in DuPont de Nemours in the fourth quarter valued at approximately $1,031,000. Axxcess Wealth Management LLC increased its position in shares of DuPont de Nemours by 424.0% during the 3rd quarter. Axxcess Wealth Management LLC now owns 28,568 shares of the basic materials company’s stock worth $2,131,000 after purchasing an additional 23,116 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of DuPont de Nemours by 60.6% in the 4th quarter. Pacer Advisors Inc. now owns 46,599 shares of the basic materials company’s stock valued at $3,585,000 after buying an additional 17,592 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $73.91 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74. The company’s 50 day moving average price is $72.76 and its two-hundred day moving average price is $72.12. The firm has a market cap of $30.90 billion, a PE ratio of 79.47, a PEG ratio of 2.44 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. Equities research analysts predict that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s payout ratio is presently 163.44%.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of recent analyst reports. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Mizuho cut their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Citigroup upped their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $80.00 to $72.00 in a research note on Wednesday, January 24th. Finally, Wolfe Research started coverage on DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $77.90.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.

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.