Lido Advisors LLC Has $1.72 Million Position in DuPont de Nemours, Inc. $DD

Lido Advisors LLC trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 75.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,034 shares of the basic materials company’s stock after selling 77,184 shares during the quarter. Lido Advisors LLC’s holdings in DuPont de Nemours were worth $1,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Princeton Global Asset Management LLC grew its holdings in shares of DuPont de Nemours by 64.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter valued at $35,000. Ransom Advisory Ltd acquired a new position in DuPont de Nemours in the 1st quarter worth about $40,000. Quaker Wealth Management LLC boosted its stake in shares of DuPont de Nemours by 200.7% during the second quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 1,184 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of DuPont de Nemours by 36.1% in the second quarter. Creative Financial Designs Inc. ADV now owns 599 shares of the basic materials company’s stock valued at $41,000 after buying an additional 159 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DD. JPMorgan Chase & Co. dropped their price target on shares of DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Citigroup raised their price objective on DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Royal Bank Of Canada reduced their target price on DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Morgan Stanley lowered their price target on shares of DuPont de Nemours from $80.00 to $44.00 in a report on Monday, November 10th. Finally, UBS Group upped their price objective on shares of DuPont de Nemours to $44.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.88.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 103,267 shares of DuPont de Nemours stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $32.29, for a total transaction of $3,334,357.49. Following the completion of the transaction, the senior vice president owned 92,218 shares of the company’s stock, valued at $2,977,599.61. The trade was a 52.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lori Koch sold 9,011 shares of the stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.46, for a total transaction of $355,574.06. Following the completion of the sale, the chief executive officer directly owned 288,326 shares in the company, valued at approximately $11,377,343.96. The trade was a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 118,283 shares of company stock worth $3,928,870. 0.61% of the stock is owned by company insiders.

DuPont de Nemours Trading Up 0.3%

Shares of DD stock opened at $39.78 on Friday. DuPont de Nemours, Inc. has a 52-week low of $22.50 and a 52-week high of $41.23. The company has a 50-day simple moving average of $36.02 and a two-hundred day simple moving average of $32.36. The company has a market capitalization of $16.67 billion, a price-to-earnings ratio of -21.62, a PEG ratio of 2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.63 and a current ratio of 2.00.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Monday, July 11th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.The firm had revenue of $3.02 billion during the quarter. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 28th. DuPont de Nemours’s dividend payout ratio is currently -43.48%.

DuPont de Nemours announced that its board has initiated a stock buyback program on Thursday, November 6th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to repurchase up to 12.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.