Parsons Capital Management Inc. RI Has $367,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Parsons Capital Management Inc. RI lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,773 shares of the basic materials company’s stock after selling 170 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in DuPont de Nemours were worth $367,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DD. Moneta Group Investment Advisors LLC lifted its stake in shares of DuPont de Nemours by 114,597.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after purchasing an additional 11,960,552 shares during the period. Holocene Advisors LP acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth about $172,134,000. Nuveen Asset Management LLC increased its stake in shares of DuPont de Nemours by 19.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock valued at $550,413,000 after acquiring an additional 1,261,028 shares during the last quarter. Norges Bank acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $65,712,000. Finally, Barclays PLC boosted its stake in DuPont de Nemours by 162.4% during the 2nd quarter. Barclays PLC now owns 1,293,781 shares of the basic materials company’s stock worth $92,427,000 after acquiring an additional 800,685 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.4 %

NYSE:DD opened at $77.13 on Thursday. The company has a market cap of $32.21 billion, a P/E ratio of 82.94, a price-to-earnings-growth ratio of 2.55 and a beta of 1.40. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74. The business has a 50 day moving average price of $70.09 and a two-hundred day moving average price of $72.03. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DDGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 EPS. As a group, analysts expect that DuPont de Nemours, Inc. will post 3.46 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s dividend payout ratio is presently 163.44%.

Insider Buying and Selling

In other news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of 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. 0.38% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DD has been the subject of several recent analyst reports. Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Mizuho dropped their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted their target price on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Barclays dropped their price target 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. Finally, Wolfe Research assumed coverage on DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $76.60.

Check Out Our Latest Analysis on DuPont de Nemours

DuPont de Nemours Profile

(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.

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

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