Armstrong Shaw Associates Inc. CT Reduces Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Armstrong Shaw Associates Inc. CT lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 9.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,669 shares of the basic materials company’s stock after selling 1,000 shares during the period. DuPont de Nemours comprises about 0.6% of Armstrong Shaw Associates Inc. CT’s investment portfolio, making the stock its 27th biggest holding. Armstrong Shaw Associates Inc. CT’s holdings in DuPont de Nemours were worth $711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Equitable Holdings Inc. purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth about $599,000. Cinctive Capital Management LP purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth about $1,497,000. Bath Savings Trust Co lifted its position in shares of DuPont de Nemours by 19.5% in the 1st quarter. Bath Savings Trust Co now owns 3,101 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 505 shares during the period. IFM Investors Pty Ltd lifted its position in shares of DuPont de Nemours by 18.7% in the 1st quarter. IFM Investors Pty Ltd now owns 83,593 shares of the basic materials company’s stock worth $6,151,000 after purchasing an additional 13,190 shares during the period. Finally, Belpointe Asset Management LLC lifted its position in shares of DuPont de Nemours by 2.4% in the 4th quarter. Belpointe Asset Management LLC now owns 12,968 shares of the basic materials company’s stock worth $1,048,000 after purchasing an additional 298 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.

Shares of DD stock opened at $55.58 on Friday. The company has a 50 day moving average price of $63.66 and a 200-day moving average price of $72.18. DuPont de Nemours, Inc. has a 52 week low of $54.59 and a 52 week high of $85.16. The firm has a market capitalization of $28.26 billion, a PE ratio of 18.59, a P/E/G ratio of 1.86 and a beta of 1.39. The company has a quick ratio of 2.38, a current ratio of 2.82 and a debt-to-equity ratio of 0.40.

DuPont de Nemours (NYSE:DDGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The basic materials company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.15. DuPont de Nemours had a net margin of 9.79% and a return on equity of 7.88%. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same period in the previous year, the business posted $0.91 earnings per share. The business’s revenue for the quarter was down 17.7% on a year-over-year basis. Analysts anticipate that DuPont de Nemours, Inc. will post 3.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, July 29th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.37%. DuPont de Nemours’s payout ratio is 44.15%.

Several research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of DuPont de Nemours from $99.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, April 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of DuPont de Nemours from $90.00 to $80.00 in a research note on Wednesday, May 4th. KeyCorp decreased their price target on shares of DuPont de Nemours from $99.00 to $96.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. StockNews.com assumed coverage on shares of DuPont de Nemours in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Jefferies Financial Group lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating and decreased their price target for the stock from $92.00 to $60.00 in a research note on Thursday, June 16th. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.13.

DuPont de Nemours Profile (Get Rating)

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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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