DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 33.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,196 shares of the basic materials company’s stock after selling 1,577 shares during the period. Parsons Capital Management Inc. RI’s holdings in DuPont de Nemours were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DD. Peoples Bank KS acquired a new position in DuPont de Nemours during the third quarter worth $25,000. Northwest Financial Advisors purchased a new stake in DuPont de Nemours during the fourth quarter worth $25,000. Cassady Schiller Wealth Management LLC boosted its position in DuPont de Nemours by 153.5% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 261 shares in the last quarter. Carmel Capital Partners LLC purchased a new stake in DuPont de Nemours during the third quarter worth $36,000. Finally, Albion Financial Group UT boosted its position in DuPont de Nemours by 81.8% during the first quarter. Albion Financial Group UT now owns 489 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 220 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on DD shares. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Mizuho decreased their target price on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Wells Fargo & Company boosted their target price on DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Barclays reduced their price objective on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $77.90.

DuPont de Nemours Trading Up 0.3 %

NYSE DD traded up $0.21 during trading hours on Friday, hitting $73.71. 2,144,799 shares of the company’s stock were exchanged, compared to its average volume of 1,871,810. The business’s 50 day moving average is $73.23 and its 200-day moving average is $72.06. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74. The firm has a market capitalization of $30.82 billion, a P/E ratio of 79.26, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.06%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the company’s 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 completion of the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.56% of the stock is currently owned by insiders.

DuPont de Nemours Company 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.