Sumitomo Mitsui DS Asset Management Company Ltd Has $4.40 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.9% during the fourth quarter, HoldingsChannel reports. The firm owned 57,235 shares of the basic materials company’s stock after selling 545 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in DuPont de Nemours were worth $4,403,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DD. Peoples Bank KS acquired a new stake in DuPont de Nemours during the 3rd quarter worth approximately $25,000. Carmel Capital Partners LLC bought a new stake in shares of DuPont de Nemours during the third quarter worth $36,000. AlphaMark Advisors LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $41,000. Grove Bank & Trust boosted its stake in DuPont de Nemours by 55.1% in the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 188 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in DuPont de Nemours in the 4th quarter worth $44,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now directly 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 link. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DD has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price target on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and upped their price target for the stock from $78.00 to $80.00 in a research report on Tuesday, January 16th. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Barclays reduced their target price on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. Finally, Mizuho lowered their price target on shares of 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Hold” and an average target price of $77.90.

DuPont de Nemours Stock Up 0.0 %

DD stock opened at $73.91 on Tuesday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $78.74. The business’s 50 day simple moving average is $72.76 and its 200 day simple moving average is $72.12. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $30.90 billion, a PE ratio of 79.47, a PEG ratio of 2.44 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the company posted $0.89 EPS. DuPont de Nemours’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s payout ratio is 163.44%.

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.