Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $2.56 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,264 shares of the basic materials company’s stock after selling 340 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in DuPont de Nemours were worth $2,559,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Peoples Bank KS acquired a new stake in shares of DuPont de Nemours during the 3rd quarter worth approximately $25,000. Carmel Capital Partners LLC acquired a new stake in shares of DuPont de Nemours during the 3rd quarter worth approximately $36,000. AlphaMark Advisors LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $41,000. Grove Bank & Trust boosted its position in shares of 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 acquiring an additional 188 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DD. Mizuho cut 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 report on Wednesday, February 7th. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. 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 report on Thursday, April 11th. Wolfe Research assumed coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Bank of America downgraded shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their target price for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $77.90.

DuPont de Nemours Stock Performance

DD stock traded down $0.18 during mid-day trading on Tuesday, hitting $73.73. The company had a trading volume of 713,490 shares, compared to its average volume of 3,042,573. The stock’s fifty day moving average price is $72.76 and its two-hundred day moving average price is $72.12. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The firm has a market cap of $30.82 billion, a PE ratio of 79.47, a price-to-earnings-growth ratio of 2.44 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, analysts forecast that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current fiscal 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. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.06%. DuPont de Nemours’s payout ratio is 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 the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

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.