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

Confluence Investment Management LLC lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,013 shares of the basic materials company’s stock after selling 4,912 shares during the quarter. Confluence Investment Management LLC’s holdings in DuPont de Nemours were worth $11,270,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DD. Northwest Financial Advisors purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $25,000. ESL Trust Services LLC purchased a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $26,000. LifeSteps Financial Inc. purchased a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $28,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Activity

In other news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction 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 sale, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

DuPont de Nemours Trading Down 4.3 %

Shares of DD traded down $3.54 during midday trading on Friday, hitting $79.12. 3,219,226 shares of the stock were exchanged, compared to its average volume of 2,108,516. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $85.12. The stock has a fifty day simple moving average of $80.39 and a 200 day simple moving average of $75.44. The firm has a market cap of $33.03 billion, a P/E ratio of 96.49, a P/E/G ratio of 2.54 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.69 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is currently 185.37%.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of analyst reports. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price target for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Barclays increased their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.27.

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.