DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,461 shares of the basic materials company’s stock after selling 1,524 shares during the period. Intech Investment Management LLC’s holdings in DuPont de Nemours were worth $1,645,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of DuPont de Nemours during the fourth quarter valued at $1,859,000. Premier Path Wealth Partners LLC acquired a new stake in DuPont de Nemours in the 4th quarter worth about $1,031,000. abrdn plc boosted its stake in DuPont de Nemours by 30.9% in the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after buying an additional 95,505 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in DuPont de Nemours in the 4th quarter worth about $797,000. Finally, Red Mountain Financial LLC acquired a new stake in DuPont de Nemours in the 4th quarter worth about $980,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of a number of research analyst reports. Barclays raised their price target on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Citigroup cut their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $103.00 in a report on Friday, May 24th. Mizuho raised their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

DuPont de Nemours Stock Down 0.9 %

Shares of NYSE:DD traded down $0.71 during mid-day trading on Friday, hitting $79.64. 1,296,875 shares of the company traded hands, compared to its average volume of 2,107,356. The firm has a market cap of $33.30 billion, a P/E ratio of 97.12, a PEG ratio of 2.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $82.63. The firm’s 50 day simple moving average is $80.08 and its 200 day simple moving average is $75.12.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.65 by $0.14. The business had revenue of $2.93 billion for 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%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.91%. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, 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 Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, 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. 0.56% 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.