BI Asset Management Fondsmaeglerselskab A S Sells 9,233 Shares of DuPont de Nemours, Inc. (NYSE:DD)

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 48.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,991 shares of the basic materials company’s stock after selling 9,233 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in DuPont de Nemours were worth $769,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Northwest Financial Advisors purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $25,000. AlphaMark Advisors LLC bought a new position in shares of DuPont de Nemours in the 4th quarter valued at about $41,000. Grove Bank & Trust grew its position in DuPont de Nemours by 55.1% in the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 188 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $44,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $44,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DD. Royal Bank of Canada boosted their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Barclays upped their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $101.00 in a report on Friday, May 17th. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.10.

Get Our Latest Stock Report on DuPont de Nemours

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares in the company, valued at approximately $1,918,918.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael G. Goss sold 2,354 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,193 shares of company stock valued at $1,726,655. 0.56% of the stock is owned by insiders.

DuPont de Nemours Stock Down 1.2 %

Shares of DD stock opened at $78.57 on Thursday. The stock has a 50 day moving average of $76.07 and a 200 day moving average of $72.74. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $80.41. The stock has a market cap of $32.85 billion, a P/E ratio of 95.82, a P/E/G ratio of 2.29 and a beta of 1.39. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DDGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. DuPont de Nemours’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.64 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s payout ratio is 185.37%.

DuPont de Nemours Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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