TIAA Trust National Association Has $1.15 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

TIAA Trust National Association cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,985 shares of the basic materials company’s stock after selling 3,702 shares during the period. TIAA Trust National Association’s holdings in DuPont de Nemours were worth $1,153,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DD. Peoples Bank KS acquired a new stake in shares of DuPont de Nemours in the third quarter valued at approximately $25,000. Cornerstone Planning Group LLC acquired a new stake in shares of DuPont de Nemours in the second quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $26,000. Carmel Capital Partners LLC acquired a new stake in shares of DuPont de Nemours in the third quarter valued at approximately $36,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of DuPont de Nemours in the third quarter valued at approximately $38,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.38% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company downgraded shares of DuPont de Nemours from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $85.00 to $69.00 in a research report on Wednesday, January 24th. JPMorgan Chase & Co. lifted their price objective on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Wolfe Research began coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Finally, BMO Capital Markets cut shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $76.60.

Check Out Our Latest Stock Analysis on DD

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $77.13 on Thursday. The firm has a market cap of $32.21 billion, a PE ratio of 82.94, a price-to-earnings-growth ratio of 2.55 and a beta of 1.40. The firm’s fifty day moving average is $70.09 and its 200-day moving average is $72.03. 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, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74.

DuPont de Nemours (NYSE:DDGet Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. DuPont de Nemours’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.46 earnings per share for the current year.

DuPont de Nemours Increases Dividend

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

DuPont de Nemours Company 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.

See Also

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

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