Massachusetts Financial Services Co. MA Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Massachusetts Financial Services Co. MA trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,155,608 shares of the basic materials company's stock after selling 704,302 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 5.15% of DuPont de Nemours worth $1,704,431,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in DD. City State Bank increased its holdings in shares of 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 valued at $271,000 after purchasing an additional 132 shares during the last quarter. Laurel Wealth Advisors LLC increased its stake in shares of DuPont de Nemours by 5.3% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company's stock worth $209,000 after acquiring an additional 142 shares during the last quarter. Personal CFO Solutions LLC raised its holdings in shares of DuPont de Nemours by 2.4% during the 3rd quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company's stock worth $461,000 after acquiring an additional 147 shares during the period. Cary Street Partners Investment Advisory LLC boosted its position in shares of DuPont de Nemours by 0.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 36,787 shares of the basic materials company's stock valued at $2,744,000 after acquiring an additional 160 shares during the last quarter. Finally, Financial Counselors Inc. grew its holdings in shares of DuPont de Nemours by 1.0% in the third quarter. Financial Counselors Inc. now owns 16,139 shares of the basic materials company's stock valued at $1,204,000 after purchasing an additional 164 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DuPont de Nemours

In related news, insider Leland Weaver sold 18,500 shares of the company's stock in a transaction on 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 completion of the transaction, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction on 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 owns 24,476 shares in the company, valued at $1,918,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael G. Goss sold 1,339 shares of the firm'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 completion of the transaction, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders sold a total of 22,193 shares of company stock worth $1,726,655 over the last ninety days. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wolfe Research started coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a "peer perform" rating on the stock. BMO Capital Markets cut shares of DuPont de Nemours from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. TheStreet cut shares of DuPont de Nemours from a "b-" rating to a "c" rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. upped their price objective on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, May 2nd. Finally, Bank of America cut shares of DuPont de Nemours from a "buy" rating to an "underperform" rating and increased their price objective for the stock from $78.00 to $80.00 in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, DuPont de Nemours has a consensus rating of "Hold" and a consensus target price of $80.00.

DuPont de Nemours Price Performance

Shares of NYSE DD traded down $0.04 during midday trading on Friday, hitting $78.76. The company had a trading volume of 1,898,418 shares, compared to its average volume of 2,440,296. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $74.84 and a two-hundred day simple moving average of $72.29. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $79.63. The firm has a market capitalization of $32.93 billion, a price-to-earnings ratio of 96.05, a price-to-earnings-growth ratio of 2.27 and a beta of 1.39.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its 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 return on equity of 6.07% and a net margin of 2.75%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the company earned $0.84 earnings per share. DuPont de Nemours's revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, May 31st. This represents a $1.52 annualized dividend and a dividend yield of 1.93%. DuPont de Nemours's dividend payout ratio is currently 185.37%.

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.

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