Handelsbanken Fonder AB Sells 26,267 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Handelsbanken Fonder AB decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 210,466 shares of the basic materials company's stock after selling 26,267 shares during the period. Handelsbanken Fonder AB's holdings in DuPont de Nemours were worth $16,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Invesco Ltd. boosted its stake in DuPont de Nemours by 6.7% in the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company's stock valued at $754,838,000 after acquiring an additional 639,246 shares during the last quarter. International Assets Investment Management LLC increased its stake in DuPont de Nemours by 9,558.5% in the 4th quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company's stock valued at $21,934,000 after buying an additional 282,166 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in DuPont de Nemours by 210.3% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 350,840 shares of the basic materials company's stock valued at $26,169,000 after buying an additional 237,770 shares during the last quarter. Payden & Rygel Investment Group acquired a new stake in DuPont de Nemours in the 3rd quarter valued at $15,104,000. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in DuPont de Nemours in the 3rd quarter valued at $11,213,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, February 7th. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They issued a "peer perform" rating for the company. Mizuho reduced their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a "buy" rating for the company in a report on Wednesday, February 7th. StockNews.com raised shares of DuPont de Nemours from a "sell" rating to a "hold" rating in a report on Wednesday, February 14th. Finally, Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of "Hold" and an average target price of $77.90.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the business's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company's stock.

DuPont de Nemours Stock Performance

NYSE DD traded up $0.16 during trading on Wednesday, reaching $73.96. The company's stock had a trading volume of 1,518,387 shares, compared to its average volume of 3,034,708. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $30.92 billion, a price-to-earnings ratio of 79.53, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74. The firm has a 50 day moving average price of $73.03 and a 200 day moving average price of $72.12.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to analysts' expectations of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours's payout ratio is presently 163.44%.

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.