Assenagon Asset Management S.A. Decreases Position in DuPont de Nemours, Inc. (NYSE:DD)

Assenagon Asset Management S.A. reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,131 shares of the basic materials company's stock after selling 26,770 shares during the period. Assenagon Asset Management S.A.'s holdings in DuPont de Nemours were worth $1,007,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company's stock valued at $3,696,152,000 after acquiring an additional 3,168,740 shares during the last quarter. Invesco Ltd. lifted its position in DuPont de Nemours by 6.7% during the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company's stock worth $754,838,000 after buying an additional 639,246 shares in the last quarter. Northern Trust Corp boosted its stake in DuPont de Nemours by 2.0% during the third quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company's stock worth $391,295,000 after buying an additional 104,141 shares during the last quarter. Putnam Investments LLC grew its holdings in DuPont de Nemours by 3.2% in the 4th quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company's stock valued at $399,784,000 after buying an additional 159,438 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of DuPont de Nemours by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company's stock worth $200,192,000 after acquiring an additional 101,203 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DD shares. Barclays upped their price objective on shares of DuPont de Nemours from $70.00 to $81.00 and gave the company an "equal weight" rating in a report on Thursday, May 2nd. StockNews.com raised shares of DuPont de Nemours from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. BMO Capital Markets lowered DuPont de Nemours from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $80.00 to $72.00 in a research report on Wednesday, January 24th. Wells Fargo & Company lifted their target price on DuPont de Nemours from $69.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, April 11th. Finally, Wolfe Research started coverage on DuPont de Nemours in a report on Friday, March 1st. They set a "peer perform" rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $82.10.

Insider Buying and Selling

In related news, insider Leland Weaver sold 18,500 shares of the company's stock in a transaction that occurred on Monday, May 6th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm's stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Leland Weaver sold 18,500 shares of the company's stock in a transaction dated 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 directly owns 24,476 shares of the company's stock, valued at $1,918,918.40. The disclosure for this sale can be found here. Insiders sold 22,193 shares of company stock valued at $1,726,655 in the last three months. 0.56% of the stock is owned by corporate insiders.

DuPont de Nemours Trading Down 0.4 %

NYSE DD traded down $0.35 during trading on Tuesday, hitting $79.52. The stock had a trading volume of 1,332,714 shares, compared to its average volume of 2,896,318. The company has a market capitalization of $33.25 billion, a PE ratio of 96.98, a PEG ratio of 2.30 and a beta of 1.39. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $80.41. 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 firm has a 50 day moving average price of $75.97 and a 200 day moving average price of $72.70.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.81 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The business's quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.38 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a yield of 1.91%. DuPont de Nemours's dividend payout ratio (DPR) is presently 185.37%.

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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