Estabrook Capital Management Trims Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Estabrook Capital Management trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,380 shares of the basic materials company’s stock after selling 976 shares during the quarter. Estabrook Capital Management’s holdings in DuPont de Nemours were worth $1,876,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. increased its holdings in DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after purchasing an additional 639,246 shares during the period. Northern Trust Corp increased its holdings in DuPont de Nemours by 2.0% during the 3rd quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company’s stock worth $391,295,000 after purchasing an additional 104,141 shares during the period. Dimensional Fund Advisors LP increased its holdings in DuPont de Nemours by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock worth $200,192,000 after purchasing an additional 101,203 shares during the period. Norges Bank purchased a new position in DuPont de Nemours during the 4th quarter worth $111,980,000. Finally, Strs Ohio increased its holdings in DuPont de Nemours by 2.1% during the 4th quarter. Strs Ohio now owns 995,743 shares of the basic materials company’s stock worth $76,602,000 after purchasing an additional 20,101 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DD has been the topic of several research reports. UBS Group raised their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Citigroup raised DuPont de Nemours from a “neutral” rating to a “buy” rating and increased their target price for the company from $85.00 to $95.00 in a research report on Tuesday, May 28th. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $80.00 to $103.00 in a research report on Friday, May 24th. TheStreet cut DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.09.

Read Our Latest Stock Report on DD

Insiders Place Their Bets

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the transaction, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,193 shares of company stock valued at $1,726,655. 0.56% of the stock is owned by company insiders.

DuPont de Nemours Stock Down 1.3 %

Shares of DuPont de Nemours stock traded down $1.03 during trading on Monday, reaching $81.13. The company’s stock had a trading volume of 1,076,233 shares, compared to its average volume of 3,009,128. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $33.92 billion, a price-to-earnings ratio of 100.20, a P/E/G ratio of 2.56 and a beta of 1.36. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $82.63. The company has a 50-day simple moving average of $77.04 and a two-hundred day simple moving average of $73.36.

DuPont de Nemours (NYSE:DDGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the firm earned $0.84 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

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.

Further Reading

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

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