Elo Mutual Pension Insurance Co Has $2.78 Million Holdings in DuPont de Nemours, Inc. $DD

Elo Mutual Pension Insurance Co lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 16.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,512 shares of the basic materials company’s stock after selling 7,891 shares during the period. Elo Mutual Pension Insurance Co’s holdings in DuPont de Nemours were worth $2,779,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Princeton Global Asset Management LLC increased its position in DuPont de Nemours by 64.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. WPG Advisers LLC acquired a new stake in DuPont de Nemours in the first quarter valued at approximately $35,000. Ransom Advisory Ltd bought a new stake in shares of DuPont de Nemours during the first quarter worth $40,000. Quaker Wealth Management LLC increased its holdings in shares of DuPont de Nemours by 200.7% during the second quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,184 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of DuPont de Nemours by 36.1% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 599 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 159 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Steven P. Larrabee sold 103,267 shares of DuPont de Nemours stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $32.29, for a total value of $3,334,357.49. Following the completion of the transaction, the senior vice president directly owned 92,218 shares of the company’s stock, valued at approximately $2,977,599.61. This trade represents a 52.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 177,357 shares of company stock worth $5,714,857. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DD shares. BMO Capital Markets reduced their price objective on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Zacks Research cut DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. KeyCorp lowered their price objective on DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Citigroup upped their price target on shares of DuPont de Nemours from $38.90 to $47.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

DuPont de Nemours Stock Performance

NYSE:DD opened at $39.50 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.94 and a current ratio of 1.41. DuPont de Nemours, Inc. has a fifty-two week low of $22.50 and a fifty-two week high of $41.23. The company has a 50 day simple moving average of $35.13 and a two-hundred day simple moving average of $31.94. The company has a market capitalization of $16.55 billion, a PE ratio of -84.03, a P/E/G ratio of 2.49 and a beta of 1.11.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The firm had revenue of $3.02 billion for the quarter. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours announced that its board has approved a stock repurchase program on Thursday, November 6th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the basic materials company to reacquire up to 12.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. DuPont de Nemours’s dividend payout ratio is -43.48%.

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.