Handelsbanken Fonder AB Has $16.19 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Handelsbanken Fonder AB cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 11.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 210,466 shares of the basic materials company’s stock after selling 26,267 shares during the quarter. Handelsbanken Fonder AB’s holdings in DuPont de Nemours were worth $16,191,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Peoples Bank KS acquired a new stake in DuPont de Nemours during the 3rd quarter worth approximately $25,000. Carmel Capital Partners LLC acquired a new stake in DuPont de Nemours during the 3rd quarter worth approximately $36,000. Grove Bank & Trust boosted its position in DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after buying an additional 188 shares during the period. AlphaMark Advisors LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth approximately $41,000. Finally, Arlington Trust Co LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth approximately $44,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating for the company. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $80.00 to $72.00 in a report on Wednesday, January 24th. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.90.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $73.80 on Wednesday. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $30.85 billion, a PE ratio of 79.36, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The firm has a fifty day simple moving average of $72.90 and a two-hundred day simple moving average of $72.11. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 EPS. Analysts forecast that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio is 163.44%.

About DuPont de Nemours

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.