Mutual of America Capital Management LLC Has $4.44 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Mutual of America Capital Management LLC lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 10.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,653 shares of the basic materials company’s stock after selling 6,651 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DuPont de Nemours were worth $4,435,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Fairfield Bush & CO. acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $50,000. United Bank increased its position in DuPont de Nemours by 7.6% in the 1st quarter. United Bank now owns 11,482 shares of the basic materials company’s stock valued at $845,000 after acquiring an additional 810 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $195,000. Blair William & Co. IL increased its position in DuPont de Nemours by 0.9% in the 1st quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock valued at $6,964,000 after acquiring an additional 866 shares in the last quarter. Finally, Prudential PLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $821,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.5 %

DuPont de Nemours stock opened at $73.44 on Tuesday. The company’s 50 day simple moving average is $72.13 and its 200 day simple moving average is $72.13. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74. The firm has a market capitalization of $30.70 billion, a price-to-earnings ratio of 78.97, a PEG ratio of 2.44 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73.

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

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 2.07%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s payout ratio is presently 163.44%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction that occurred on 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 owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DD. Bank of America cut shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price objective for the company from $78.00 to $80.00 in a research report on Tuesday, January 16th. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. Citigroup raised their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, Mizuho reduced their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $77.90.

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.