Sigma Planning Corp Sells 6,065 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sigma Planning Corp reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 50.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,890 shares of the basic materials company’s stock after selling 6,065 shares during the period. Sigma Planning Corp’s holdings in DuPont de Nemours were worth $453,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Invesco Ltd. grew its holdings in DuPont de Nemours by 6.7% during the 3rd 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 in the last quarter. International Assets Investment Management LLC boosted its stake in shares of DuPont de Nemours by 9,558.5% during the fourth quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock valued at $21,934,000 after purchasing an additional 282,166 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in DuPont de Nemours by 210.3% during the third quarter. O Shaughnessy Asset Management LLC now owns 350,840 shares of the basic materials company’s stock valued at $26,169,000 after buying an additional 237,770 shares during the period. Payden & Rygel Investment Group bought a new position in DuPont de Nemours in the third quarter worth approximately $15,104,000. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in DuPont de Nemours during the third quarter worth $11,213,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction 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 sale, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $73.49 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The company’s fifty day moving average price is $73.13 and its 200-day moving average price is $72.13. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $78.74. The firm has a market capitalization of $30.72 billion, a PE ratio of 79.02, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 EPS. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio is presently 163.44%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DD shares. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Wolfe Research started coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They issued 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 company an “outperform” rating in a report on Wednesday, February 7th. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Finally, TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.90.

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.