Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 3.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,365,814 shares of the basic materials company’s stock after selling 43,468 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.30% of DuPont de Nemours worth $98,024,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of DD. Canton Hathaway LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at $25,000. Boyd Watterson Asset Management LLC OH bought a new position in shares of DuPont de Nemours in the fourth quarter valued at about $26,000. Heritage Wealth Management LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth about $33,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth about $35,000. Finally, Baystate Wealth Management LLC grew its stake in DuPont de Nemours by 282.8% in the 4th quarter. Baystate Wealth Management LLC now owns 513 shares of the basic materials company’s stock valued at $35,000 after buying an additional 379 shares during the last quarter. Institutional investors own 76.00% of the company’s stock.
Insider Transactions at DuPont de Nemours
In related news, insider Michael G. Goss sold 2,374 shares of DuPont de Nemours stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $65.46, for a total transaction of $155,402.04. Following the sale, the insider now directly owns 13,345 shares of the company’s stock, valued at approximately $873,563.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.
DuPont de Nemours Stock Performance
DuPont de Nemours (NYSE:DD – Get Free Report) last issued its earnings results on Tuesday, May 2nd. The basic materials company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. DuPont de Nemours had a return on equity of 6.34% and a net margin of 43.63%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current fiscal year.
DuPont de Nemours Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Friday, July 28th. DuPont de Nemours’s payout ratio is 12.49%.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on DD shares. BMO Capital Markets reduced their price objective on DuPont de Nemours from $103.00 to $84.00 in a report on Wednesday, May 3rd. Citigroup assumed coverage on DuPont de Nemours in a report on Tuesday, June 13th. They issued a “neutral” rating and a $72.00 price objective on the stock. Mizuho dropped their target price on DuPont de Nemours from $85.00 to $81.00 in a report on Wednesday, May 3rd. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Finally, StockNews.com began coverage on shares of DuPont de Nemours in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.58.
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 addressing various steps of the manufacturing process.
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