Cwm LLC Cuts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Cwm LLC lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 17.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,840 shares of the basic materials company’s stock after selling 4,109 shares during the quarter. Cwm LLC’s holdings in DuPont de Nemours were worth $1,526,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its stake in DuPont de Nemours by 6.7% during the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after buying an additional 639,246 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of DuPont de Nemours by 9,558.5% in the 4th quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock valued at $21,934,000 after purchasing an additional 282,166 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of DuPont de Nemours by 210.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 350,840 shares of the basic materials company’s stock worth $26,169,000 after buying an additional 237,770 shares during the period. Payden & Rygel Investment Group purchased a new stake in shares of DuPont de Nemours in the third quarter worth approximately $15,104,000. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of DuPont de Nemours in the third quarter worth approximately $11,213,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.3 %

Shares of NYSE:DD opened at $73.71 on Friday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74. The business’s fifty day simple moving average is $73.23 and its 200-day simple moving average is $72.12. The company has a market capitalization of $30.82 billion, a PE ratio of 79.26, a P/E/G ratio of 2.42 and a beta of 1.40. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.

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

DuPont de Nemours Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Wells Fargo & Company increased their price target on DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Royal Bank of Canada increased their price target on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price objective for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. Finally, Wolfe Research started coverage on DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating on the stock. One investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.90.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the firm’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 completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.56% of the company’s stock.

DuPont de Nemours Company Profile

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.