DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,115,285 shares of the basic materials company's stock after selling 133,378 shares during the period. Franklin Resources Inc. owned 0.96% of DuPont de Nemours worth $316,589,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DD. Teacher Retirement System of Texas raised its holdings in DuPont de Nemours by 2.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 35,563 shares of the basic materials company's stock valued at $2,653,000 after acquiring an additional 857 shares during the last quarter. Private Advisor Group LLC grew its position in DuPont de Nemours by 3.7% during the 3rd quarter. Private Advisor Group LLC now owns 60,212 shares of the basic materials company's stock worth $4,491,000 after purchasing an additional 2,161 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of DuPont de Nemours by 313.2% in the third quarter. Larson Financial Group LLC now owns 905 shares of the basic materials company's stock valued at $67,000 after acquiring an additional 686 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in DuPont de Nemours by 1.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 441,652 shares of the basic materials company's stock worth $32,943,000 after buying an additional 6,438 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in DuPont de Nemours by 0.3% during the third quarter. Corient Private Wealth LLC now owns 265,473 shares of the basic materials company's stock worth $19,802,000 after acquiring an additional 724 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

DD has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. BMO Capital Markets lowered shares of DuPont de Nemours from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. Jefferies Financial Group upgraded shares of DuPont de Nemours from a "hold" rating to a "buy" rating and lifted their price target for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Wolfe Research began coverage on DuPont de Nemours in a report on Friday, March 1st. They set a "peer perform" rating for the company. Finally, Citigroup lifted their price target on DuPont de Nemours from $73.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $82.10.

Insider Activity

In related news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now owns 15,587 shares of the company's stock, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following 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 the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 14,012 shares of the company's stock, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. Insiders have sold 22,193 shares of company stock valued at $1,726,655 in the last 90 days. Insiders own 0.56% of the company's stock.

DuPont de Nemours Trading Down 1.2 %

Shares of DD stock traded down $0.95 during mid-day trading on Wednesday, reaching $78.57. 1,962,428 shares of the stock traded hands, compared to its average volume of 2,886,573. The stock's fifty day simple moving average is $76.07 and its two-hundred day simple moving average is $72.74. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $80.41. The company has a market cap of $32.85 billion, a price-to-earnings ratio of 95.82, a price-to-earnings-growth ratio of 2.30 and a beta of 1.39. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued 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 firm had revenue of $2.93 billion for 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 company's revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 earnings per share. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.64 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. DuPont de Nemours's dividend payout ratio is presently 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.