Victory Capital Management Inc. Has $21.06 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Posted by on Jul 29th, 2023

Victory Capital Management Inc. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,433 shares of the basic materials company’s stock after selling 38,520 shares during the quarter. Victory Capital Management Inc. owned 0.06% of DuPont de Nemours worth $21,060,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heritage Wealth Management LLC bought a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $33,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter worth $35,000. Thompson Investment Management Inc. purchased a new stake in DuPont de Nemours in the first quarter valued at $38,000. Rebalance LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth about $44,000. Finally, CVA Family Office LLC grew its stake in shares of DuPont de Nemours by 80.6% in the 4th quarter. CVA Family Office LLC now owns 650 shares of the basic materials company’s stock valued at $45,000 after buying an additional 290 shares during the period. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 value of $155,402.04. Following the completion of the transaction, the insider now owns 13,345 shares in the company, valued at $873,563.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

DD has been the subject of several recent research reports. Mizuho dropped their price target on DuPont de Nemours from $85.00 to $81.00 in a research report on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $80.00 in a report on Monday, May 15th. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Royal Bank of Canada cut their price objective on DuPont de Nemours from $92.00 to $81.00 in a research report on Thursday, May 4th. Finally, StockNews.com started coverage on shares of DuPont de Nemours in a report on Thursday, May 18th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $77.75.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $77.30 on Friday. The stock has a market cap of $35.48 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 2.77 and a beta of 1.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.29 and a quick ratio of 2.57. DuPont de Nemours, Inc. has a 1 year low of $49.52 and a 1 year high of $78.74. The firm has a 50-day moving average of $70.64 and a two-hundred day moving average of $70.97.

DuPont de Nemours (NYSE:DD – Get Free Report) last issued its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. DuPont de Nemours had a net margin of 43.63% and a return on equity of 6.34%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business posted $0.82 EPS. DuPont de Nemours’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, research analysts forecast that DuPont de Nemours, Inc. will post 3.57 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, July 31st will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, July 28th. DuPont de Nemours’s payout ratio is currently 12.49%.

About DuPont de Nemours

(Free Report)

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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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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