Ossiam Lowers Stake in DuPont de Nemours, Inc. (NYSE:DD)

Ossiam reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 659,815 shares of the basic materials company’s stock after selling 74,328 shares during the period. Ossiam owned 0.15% of DuPont de Nemours worth $50,760,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. City State Bank raised its holdings in DuPont de Nemours by 3.9% in the fourth quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock worth $271,000 after buying an additional 132 shares during the last quarter. Laurel Wealth Advisors LLC raised its holdings in DuPont de Nemours by 5.3% in the third quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock worth $209,000 after buying an additional 142 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in DuPont de Nemours by 2.4% in the third quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock worth $461,000 after buying an additional 147 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in DuPont de Nemours by 0.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 36,787 shares of the basic materials company’s stock worth $2,744,000 after buying an additional 160 shares during the last quarter. Finally, Thoroughbred Financial Services LLC raised its holdings in DuPont de Nemours by 2.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company’s stock worth $461,000 after buying an additional 162 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DD has been the subject of a number of research analyst reports. Mizuho lifted their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Barclays lifted their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. UBS Group lifted their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average price target of $91.09.

Check Out Our Latest Analysis on DuPont de Nemours

DuPont de Nemours Price Performance

NYSE:DD traded down $0.24 during trading hours on Friday, hitting $80.01. 2,935,596 shares of the stock traded hands, compared to its average volume of 2,852,571. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $82.63. The company has a market cap of $33.45 billion, a price-to-earnings ratio of 97.57, a price-to-earnings-growth ratio of 2.50 and a beta of 1.36. The stock has a 50 day moving average price of $77.45 and a 200 day moving average price of $73.65.

DuPont de Nemours (NYSE:DDGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Insider Transactions at DuPont de Nemours

In other news, insider Leland Weaver sold 18,500 shares of the business’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 transaction, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Leland Weaver sold 18,500 shares of the business’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 transaction, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,193 shares of company stock valued at $1,726,655. 0.56% of the stock is currently owned by corporate insiders.

DuPont de Nemours Profile

(Free Report)

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.

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

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