DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 673,239 shares of the basic materials company's stock after selling 44,780 shares during the period. The Manufacturers Life Insurance Company owned 0.16% of DuPont de Nemours worth $51,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of DD. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at about $26,000. Aster Capital Management DIFC Ltd raised its position in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Byrne Asset Management LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded down $0.13 during mid-day trading on Tuesday, hitting $65.19. 411,704 shares of the company were exchanged, compared to its average volume of 2,409,764. The stock has a 50 day simple moving average of $69.49 and a 200-day simple moving average of $76.46. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap of $27.28 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is currently -863.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DD shares. Citigroup reduced their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Morgan Stanley lowered their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday. Barclays lowered their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and an average target price of $85.07.

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.