RNC Capital Management LLC Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

RNC Capital Management LLC reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,917 shares of the basic materials company’s stock after selling 7,442 shares during the period. RNC Capital Management LLC’s holdings in DuPont de Nemours were worth $4,994,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of DuPont de Nemours by 0.5% in the second quarter. State Street Corp now owns 18,536,772 shares of the basic materials company’s stock worth $1,324,267,000 after acquiring an additional 95,396 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of DuPont de Nemours by 114,597.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after acquiring an additional 11,960,552 shares during the period. Invesco Ltd. boosted its holdings in shares of DuPont de Nemours by 6.7% in the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after acquiring an additional 639,246 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of DuPont de Nemours by 19.6% in the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after acquiring an additional 1,261,028 shares during the period. Finally, Morgan Stanley boosted its stake in DuPont de Nemours by 6.9% during the fourth quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock valued at $528,241,000 after buying an additional 498,633 shares during the period. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Trading Up 1.3 %

Shares of DD stock opened at $76.53 on Thursday. The firm has a market cap of $31.96 billion, a P/E ratio of 82.29, a price-to-earnings-growth ratio of 2.52 and a beta of 1.39. The business has a 50-day moving average price of $69.61 and a two-hundred day moving average price of $71.96. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. 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 released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping the consensus estimate 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 return on equity of 6.12% and a net margin of 3.51%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.44 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 annualized dividend and a dividend yield of 1.99%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s payout ratio is currently 163.44%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DD. Wolfe Research began coverage on DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating for the company. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Bank of America lowered DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. Wells Fargo & Company lowered DuPont de Nemours from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $85.00 to $69.00 in a research note on Wednesday, January 24th. Finally, StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $76.60.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.38% of the stock is owned by company insiders.

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.