ProShare Advisors LLC Sells 11,499 Shares of DuPont de Nemours, Inc. (NYSE:DD)

ProShare Advisors LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 10.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,171 shares of the basic materials company’s stock after selling 11,499 shares during the quarter. ProShare Advisors LLC’s holdings in DuPont de Nemours were worth $6,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DD. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the 1st quarter valued at approximately $26,000. Heritage Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at $33,000. Grey Fox Wealth Advisors LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at $35,000. Thompson Investment Management Inc. bought a new position in shares of DuPont de Nemours during the 1st quarter valued at $38,000. Finally, Rebalance LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at $44,000. 76.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DD has been the topic of several research analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $73.00 price target on shares of DuPont de Nemours in a report on Thursday, August 3rd. TheStreet cut DuPont de Nemours from a “b-” rating to a “c+” rating in a report on Monday, July 10th. Barclays raised their target price on DuPont de Nemours from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, August 3rd. StockNews.com initiated coverage on DuPont de Nemours in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company raised their target price on DuPont de Nemours from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.50.

Insider Activity

In other news, insider Michael G. Goss sold 7,919 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $77.36, for a total transaction of $612,613.84. Following the completion of the transaction, the insider now owns 13,363 shares in the company, valued at $1,033,761.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Raj Ratnakar sold 50,633 shares of DuPont de Nemours stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $77.42, for a total value of $3,920,006.86. Following the completion of the transaction, the senior vice president now owns 31,720 shares in the company, valued at $2,455,762.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael G. Goss sold 7,919 shares of DuPont de Nemours stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $77.36, for a total value of $612,613.84. Following the completion of the transaction, the insider now owns 13,363 shares of the company’s stock, valued at approximately $1,033,761.68. The disclosure for this sale can be found here. Insiders sold a total of 74,390 shares of company stock worth $5,713,502 over the last 90 days. Corporate insiders own 0.38% of the company’s stock.

DuPont de Nemours Trading Down 0.8 %

Shares of DD stock opened at $74.56 on Monday. DuPont de Nemours, Inc. has a 52-week low of $49.52 and a 52-week high of $78.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.35 and a current ratio of 2.98. The firm has a market capitalization of $34.23 billion, a PE ratio of 7.69, a PEG ratio of 2.21 and a beta of 1.40. The stock has a fifty day simple moving average of $75.49 and a two-hundred day simple moving average of $71.33.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.03 billion. DuPont de Nemours had a return on equity of 6.11% and a net margin of 37.09%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. On average, analysts predict that DuPont de Nemours, Inc. will post 3.45 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, July 31st were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.93%. DuPont de Nemours’s payout ratio is 14.85%.

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 addressing various steps of the manufacturing process.