XTX Topco Ltd Sells 13,709 Shares of DuPont de Nemours, Inc. $DD

XTX Topco Ltd reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 76.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,157 shares of the basic materials company’s stock after selling 13,709 shares during the quarter. XTX Topco Ltd’s holdings in DuPont de Nemours were worth $285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DD. AdvisorNet Financial Inc boosted its stake in DuPont de Nemours by 3.0% during the 2nd quarter. AdvisorNet Financial Inc now owns 4,641 shares of the basic materials company’s stock valued at $318,000 after purchasing an additional 134 shares during the last quarter. Sagespring Wealth Partners LLC lifted its holdings in shares of DuPont de Nemours by 3.9% in the second quarter. Sagespring Wealth Partners LLC now owns 3,729 shares of the basic materials company’s stock valued at $256,000 after purchasing an additional 140 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in shares of DuPont de Nemours by 64.4% during the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock valued at $25,000 after buying an additional 143 shares during the last quarter. Summit Financial LLC grew its holdings in DuPont de Nemours by 3.7% during the first quarter. Summit Financial LLC now owns 4,077 shares of the basic materials company’s stock worth $304,000 after buying an additional 146 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co raised its position in DuPont de Nemours by 3.8% in the 2nd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 4,090 shares of the basic materials company’s stock valued at $281,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.2%

Shares of DD stock opened at $40.58 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.30. The firm has a market cap of $17.00 billion, a P/E ratio of -22.05, a PEG ratio of 2.33 and a beta of 1.09. The company has a 50 day moving average of $36.36 and a 200-day moving average of $32.58. DuPont de Nemours, Inc. has a 12-month low of $22.50 and a 12-month high of $41.23.

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

DuPont de Nemours announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to reacquire up to 12.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.80 annualized dividend and a yield of 2.0%. DuPont de Nemours’s dividend payout ratio (DPR) is -43.48%.

Insider Activity at DuPont de Nemours

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

Analyst Ratings Changes

A number of research firms have issued reports on DD. UBS Group lifted their price objective on shares of DuPont de Nemours to $44.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wolfe Research dropped their price target on shares of DuPont de Nemours from $87.00 to $39.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. JPMorgan Chase & Co. reduced their price objective on shares of DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Finally, KeyCorp cut their target price on DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $42.88.

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.