DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Haverford Trust Co

Haverford Trust Co lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,492 shares of the basic materials company's stock after selling 10,251 shares during the quarter. Haverford Trust Co's holdings in DuPont de Nemours were worth $13,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Lido Advisors LLC increased its holdings in DuPont de Nemours by 10.4% in the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company's stock valued at $1,270,000 after buying an additional 1,609 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $1,859,000. Premier Path Wealth Partners LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $1,031,000. abrdn plc lifted its stake in DuPont de Nemours by 30.9% during the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company's stock worth $31,141,000 after purchasing an additional 95,505 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in DuPont de Nemours during the fourth quarter worth $2,000,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DD. Wolfe Research began coverage on DuPont de Nemours in a research note on Friday, March 1st. They set a "peer perform" rating on the stock. Citigroup raised their target price on DuPont de Nemours from $73.00 to $80.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. Barclays raised their target price on DuPont de Nemours from $70.00 to $81.00 and gave the company an "equal weight" rating in a research note on Thursday, May 2nd. Mizuho raised their target price on DuPont de Nemours from $76.00 to $83.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company raised their target price on DuPont de Nemours from $69.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $80.00.

DuPont de Nemours Stock Down 0.8 %

NYSE DD traded down $0.65 during trading on Thursday, reaching $77.57. 1,635,716 shares of the company's stock were exchanged, compared to its average volume of 2,926,045. The firm has a market capitalization of $32.43 billion, a PE ratio of 94.60, a P/E/G ratio of 2.28 and a beta of 1.39. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $79.63. The company's fifty day simple moving average is $75.50 and its 200-day simple moving average is $72.46.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm's revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.64 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours's dividend payout ratio is presently 185.37%.

Insider Activity

In other news, insider Leland Weaver sold 18,500 shares of the business's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Leland Weaver sold 18,500 shares of the business'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 sale, the insider now owns 24,476 shares of the company's stock, valued at approximately $1,918,918.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael G. Goss sold 1,339 shares of the company's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,193 shares of company stock worth $1,726,655. Company insiders own 0.56% of the company's stock.

DuPont de Nemours 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.

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