DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 73.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,688 shares of the basic materials company's stock after selling 572,828 shares during the quarter. Zurich Insurance Group Ltd FI owned about 0.05% of DuPont de Nemours worth $16,065,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new position in DuPont de Nemours during the fourth quarter valued at $26,000. Aster Capital Management DIFC Ltd boosted its stake in shares of DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after purchasing an additional 302 shares during the period. Byrne Asset Management LLC bought a new position in DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours during the 4th quarter valued at about $31,000. Finally, Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth about $33,000. Institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DD shares. BMO Capital Markets upped their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Wall Street Zen cut DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Morgan Stanley decreased their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Barclays reduced their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Stock Performance

NYSE:DD traded down $0.39 during trading hours on Monday, hitting $67.62. 1,748,454 shares of the company were exchanged, compared to its average volume of 2,417,760. The company's 50 day moving average price is $66.71 and its 200-day moving average price is $74.89. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a market capitalization of $28.30 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the firm earned $0.79 EPS. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's payout ratio is presently -863.16%.

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.