DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 12.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,606 shares of the basic materials company’s stock after selling 640 shares during the quarter. NTV Asset Management LLC’s holdings in DuPont de Nemours were worth $354,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC raised its holdings in shares of DuPont de Nemours by 10.4% in the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after purchasing an additional 1,609 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at $1,859,000. Premier Path Wealth Partners LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $1,031,000. abrdn plc grew its holdings in shares of DuPont de Nemours by 30.9% in the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after acquiring an additional 95,505 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $2,000,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 0.1 %

Shares of DD traded down $0.08 during midday trading on Friday, reaching $77.67. 2,391,431 shares of the stock were exchanged, compared to its average volume of 2,373,408. The company has a market cap of $32.47 billion, a price-to-earnings ratio of 94.72, a P/E/G ratio of 2.48 and a beta of 1.39. The company has a quick ratio of 1.73, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $79.19. The firm has a 50 day simple moving average of $73.93 and a 200-day simple moving average of $72.08.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share 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 net margin of 2.75% and a return on equity of 6.07%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. Research analysts forecast that DuPont de Nemours, Inc. will post 3.61 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed 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. This represents a $1.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Wall Street Analyst Weigh In

Several research analysts have commented on DD shares. Citigroup raised their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Royal Bank of Canada increased their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Wolfe Research initiated coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $80.00 to $72.00 in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $80.00.

Insiders Place Their Bets

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 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 SEC, which is accessible through this hyperlink. 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.