Groupama Asset Managment Increases Holdings in DuPont de Nemours, Inc. $DD

Groupama Asset Managment increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,251 shares of the basic materials company’s stock after acquiring an additional 2,214 shares during the period. Groupama Asset Managment’s holdings in DuPont de Nemours were worth $1,739,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Princeton Global Asset Management LLC grew its holdings in DuPont de Nemours by 64.4% in the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of DuPont de Nemours during the 1st quarter worth $35,000. Ransom Advisory Ltd purchased a new stake in shares of DuPont de Nemours in the 1st quarter worth about $40,000. Quaker Wealth Management LLC grew its stake in DuPont de Nemours by 200.7% in the 2nd quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,184 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its holdings in DuPont de Nemours by 36.1% during 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 in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley reduced their price target on shares of DuPont de Nemours from $80.00 to $44.00 in a report on Monday, November 10th. JPMorgan Chase & Co. reduced their target price on DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Zacks Research downgraded DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. UBS Group boosted their price target on DuPont de Nemours to $44.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, KeyCorp decreased their price objective on DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.88.

Insider Buying and Selling at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 103,267 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $32.29, for a total value of $3,334,357.49. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 177,357 shares of company stock worth $5,714,857. Corporate insiders own 0.61% of the company’s stock.

DuPont de Nemours Trading Up 0.8%

Shares of DuPont de Nemours stock opened at $39.77 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $22.50 and a fifty-two week high of $41.23. The firm has a market cap of $16.66 billion, a PE ratio of -84.62, a P/E/G ratio of 2.49 and a beta of 1.11. The business’s fifty day moving average is $35.41 and its two-hundred day moving average is $32.06. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23.

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

DuPont de Nemours Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be paid 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 dividend yield of 2.0%. DuPont de Nemours’s dividend payout ratio is currently -43.48%.

DuPont de Nemours declared that its board has authorized a share buyback program on Thursday, November 6th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the basic materials company to buy up to 12.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.