DuPont de Nemours, Inc. (NYSE:DD) Position Trimmed by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,996 shares of the basic materials company’s stock after selling 35,656 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in DuPont de Nemours were worth $31,233,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of 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 valued at $754,838,000 after buying an additional 639,246 shares during the last quarter. Northern Trust Corp boosted its stake in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company’s stock valued at $391,295,000 after purchasing an additional 104,141 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of DuPont de Nemours by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock worth $200,192,000 after purchasing an additional 101,203 shares during the last quarter. Norges Bank acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth about $111,980,000. Finally, Strs Ohio lifted its holdings in DuPont de Nemours by 2.1% during the 4th quarter. Strs Ohio now owns 995,743 shares of the basic materials company’s stock valued at $76,602,000 after purchasing an additional 20,101 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 2.8 %

Shares of DD stock traded up $2.19 on Friday, hitting $81.12. The stock had a trading volume of 6,825,618 shares, compared to its average volume of 2,781,162. The firm has a market cap of $33.92 billion, a P/E ratio of 98.93, a PEG ratio of 2.34 and a beta of 1.39. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $81.29. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $76.32 and a two-hundred day moving average price of $72.89.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. As a group, analysts forecast that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Leland Weaver sold 18,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the transaction, the insider now directly owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,193 shares of company stock worth $1,726,655. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DD shares. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $103.00 in a research note on Friday. JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Barclays upped their price target on DuPont de Nemours from $70.00 to $81.00 and gave the company an “equal weight” rating in a research note on Thursday, May 2nd. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Citigroup boosted their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $88.50.

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.