Brandywine Global Investment Management LLC lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 97.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,105 shares of the basic materials company’s stock after selling 768,143 shares during the period. Brandywine Global Investment Management LLC’s holdings in DuPont de Nemours were worth $1,586,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of the company. Old North State Trust LLC grew its stake in shares of DuPont de Nemours by 23.2% in the first quarter. Old North State Trust LLC now owns 2,637 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 497 shares in the last quarter. Toroso Investments LLC lifted its holdings in DuPont de Nemours by 200.1% in the first quarter. Toroso Investments LLC now owns 16,509 shares of the basic materials company’s stock worth $1,185,000 after purchasing an additional 11,008 shares during the period. Putnam Investments LLC increased its stake in DuPont de Nemours by 1,871.7% during the 1st quarter. Putnam Investments LLC now owns 5,124,160 shares of the basic materials company’s stock valued at $367,761,000 after buying an additional 4,864,272 shares during the period. Arete Wealth Advisors LLC bought a new stake in shares of DuPont de Nemours during the 1st quarter worth about $226,000. Finally, Titleist Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $242,000. Institutional investors and hedge funds own 76.25% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently commented on DD shares. TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Citigroup upped their price objective on DuPont de Nemours from $72.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, July 19th. Wells Fargo & Company lifted their target price on DuPont de Nemours from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Finally, StockNews.com initiated coverage on shares of DuPont de Nemours in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.50.
DuPont de Nemours Trading Down 0.8 %
NYSE DD opened at $74.56 on Monday. The firm’s 50 day moving average price is $75.49 and its two-hundred day moving average price is $71.33. The stock has a market cap of $34.23 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 2.21 and a beta of 1.40. DuPont de Nemours, Inc. has a twelve month low of $49.52 and a twelve month high of $78.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.35 and a current ratio of 2.98.
DuPont de Nemours (NYSE:DD – Get Free Report) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.03 billion. DuPont de Nemours had a return on equity of 6.11% and a net margin of 37.09%. DuPont de Nemours’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 earnings per share. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.45 EPS for the current year.
DuPont de Nemours Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, July 31st were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Friday, July 28th. DuPont de Nemours’s dividend payout ratio is currently 14.85%.
Insider Activity at DuPont de Nemours
In other DuPont de Nemours news, insider Michael G. Goss sold 7,919 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $77.36, for a total value of $612,613.84. Following the completion of the sale, the insider now owns 13,363 shares in the company, valued at approximately $1,033,761.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other DuPont de Nemours news, SVP Raj Ratnakar sold 50,633 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $77.42, for a total value of $3,920,006.86. Following the transaction, the senior vice president now owns 31,720 shares in the company, valued at $2,455,762.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael G. Goss sold 7,919 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $77.36, for a total value of $612,613.84. Following the sale, the insider now directly owns 13,363 shares of the company’s stock, valued at $1,033,761.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,390 shares of company stock valued at $5,713,502. Corporate insiders own 0.38% of the company’s stock.
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 addressing various steps of the manufacturing process.
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