DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 106,989 shares of the basic materials company’s stock after selling 6,119 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in DuPont de Nemours were worth $8,203,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DD. Norges Bank acquired a new position in DuPont de Nemours in the fourth quarter valued at $111,980,000. Invesco Ltd. increased its stake in 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 valued at $754,838,000 after purchasing an additional 639,246 shares during the last quarter. Great Lakes Advisors LLC increased its stake in DuPont de Nemours by 156.6% in the fourth quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock valued at $56,772,000 after purchasing an additional 450,422 shares during the last quarter. Nuance Investments LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at $24,785,000. Finally, International Assets Investment Management LLC increased its stake in 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 worth $21,934,000 after acquiring an additional 282,166 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,193 shares of company stock valued at $1,726,655. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DD shares. Barclays upped their price target on DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $83.00 to $96.00 in a research note on Thursday. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and upped their price target for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Finally, Royal Bank of Canada upped their price target on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.50.

DuPont de Nemours Stock Up 2.8 %

Shares of NYSE DD traded up $2.19 on Friday, hitting $81.12. The company had a trading volume of 6,825,618 shares, compared to its average volume of 2,781,162. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $81.29. The business has a 50 day moving average of $76.32 and a two-hundred day moving average of $72.89. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization 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 (NYSE:DD) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The firm 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 revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued 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 is currently 185.37%.

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.