Bessemer Group Inc. Sells 11,433 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Bessemer Group Inc. trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 13.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 73,688 shares of the basic materials company’s stock after selling 11,433 shares during the period. Bessemer Group Inc.’s holdings in DuPont de Nemours were worth $5,650,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Northwest Financial Advisors bought a new stake in DuPont de Nemours in the fourth quarter valued at $25,000. Palisade Asset Management LLC bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $25,000. ESL Trust Services LLC acquired a new stake in DuPont de Nemours during the 1st quarter valued at $26,000. LifeSteps Financial Inc. bought a new position in DuPont de Nemours in the 1st quarter valued at $28,000. Finally, Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the 1st quarter worth about $33,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 0.7 %

DD traded down $0.59 during mid-day trading on Wednesday, hitting $79.59. The stock had a trading volume of 1,577,891 shares, compared to its average volume of 2,776,685. The stock’s fifty day simple moving average is $80.18 and its 200-day simple moving average is $75.19. The firm has a market capitalization of $33.28 billion, a price-to-earnings ratio of 97.06, a price-to-earnings-growth ratio of 2.51 and a beta of 1.34. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $82.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the business posted $0.84 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Insider Buying and Selling

In other news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the sale, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is accessible through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Analyst Ratings Changes

DD has been the topic of several research analyst reports. Citigroup decreased their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and upped their target price for the company from $78.00 to $101.00 in a research report on Friday, May 17th. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

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.