DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,049 shares of the basic materials company’s stock after selling 514 shares during the period. Valeo Financial Advisors LLC’s holdings in DuPont de Nemours were worth $542,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DD. Peoples Bank KS purchased a new stake in DuPont de Nemours during the 3rd quarter worth about $25,000. Cornerstone Planning Group LLC purchased a new stake in DuPont de Nemours during the 2nd quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours during the 1st quarter worth about $26,000. Carmel Capital Partners LLC purchased a new stake in DuPont de Nemours during the 3rd quarter worth about $36,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in DuPont de Nemours during the 3rd quarter worth about $38,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 3.2 %

Shares of NYSE DD opened at $73.80 on Friday. The stock has a market cap of $30.85 billion, a PE ratio of 79.36, a price-to-earnings-growth ratio of 2.52 and a beta of 1.40. 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 52-week low of $61.14 and a 52-week high of $78.74. The business has a 50-day moving average price of $71.88 and a 200 day moving average price of $72.14.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the firm earned $0.89 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, February 28th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DD. Citigroup increased their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday. Royal Bank of Canada increased their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Finally, Mizuho dropped their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours has a consensus 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 that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by insiders.

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.