DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,085,444 shares of the basic materials company’s stock after selling 9,492 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in DuPont de Nemours were worth $83,503,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DD. Peoples Bank KS acquired a new position in DuPont de Nemours in the 3rd quarter valued at about $25,000. Cornerstone Planning Group LLC acquired a new position in shares of DuPont de Nemours during the second quarter worth about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours during the first quarter worth about $26,000. Carmel Capital Partners LLC acquired a new position in shares of DuPont de Nemours during the third quarter worth about $36,000. Finally, AlphaMark Advisors LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter worth about $41,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $73.08 on Thursday. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The business has a 50 day simple moving average of $72.40 and a 200-day simple moving average of $72.12. The stock has a market capitalization of $30.55 billion, a PE ratio of 78.58, a price-to-earnings-growth ratio of 2.43 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the prior year, the business earned $0.89 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. Equities analysts predict that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.08%. DuPont de Nemours’s payout ratio is 163.44%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wolfe Research assumed coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Royal Bank of Canada upped their price target on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Barclays lowered their price target on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. Finally, Bank of America cut DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.90.

Insiders Place Their Bets

In other DuPont de Nemours news, 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 completion of the transaction, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by company insiders.

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.