DuPont de Nemours, Inc. (NYSE:DD) Stake Cut by Simplicity Solutions LLC

Simplicity Solutions LLC cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,062 shares of the basic materials company’s stock after selling 639 shares during the quarter. Simplicity Solutions LLC’s holdings in DuPont de Nemours were worth $697,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its position in DuPont de Nemours by 114,597.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after buying an additional 11,960,552 shares during the period. Invesco Ltd. increased its position in DuPont de Nemours by 6.7% in the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after buying an additional 639,246 shares during the period. Nuveen Asset Management LLC increased its position in DuPont de Nemours by 19.6% in the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after buying an additional 1,261,028 shares during the period. Morgan Stanley increased its position in DuPont de Nemours by 6.9% in the fourth quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock worth $528,241,000 after buying an additional 498,633 shares during the period. Finally, Macquarie Group Ltd. increased its position in DuPont de Nemours by 0.8% in the second quarter. Macquarie Group Ltd. now owns 7,279,781 shares of the basic materials company’s stock worth $404,619,000 after buying an additional 58,814 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

NYSE:DD opened at $73.08 on Thursday. The business’s 50-day moving average price is $72.40 and its 200 day moving average price is $72.12. The firm has a market cap of $30.55 billion, a P/E ratio of 78.58, a PEG ratio of 2.43 and a beta of 1.40. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $78.74. 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:DD) last released 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. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. DuPont de Nemours’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.48 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. Investors of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.08%. DuPont de Nemours’s dividend payout ratio (DPR) is 163.44%.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the 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 transaction, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on DD. JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Wells Fargo & Company raised their price target on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Finally, Mizuho lowered their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.90.

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.