AdvisorNet Financial Inc Sells 932 Shares of DuPont de Nemours, Inc. (NYSE:DD)

AdvisorNet Financial Inc reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 15.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,077 shares of the basic materials company’s stock after selling 932 shares during the quarter. AdvisorNet Financial Inc’s holdings in DuPont de Nemours were worth $389,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. City State Bank boosted its stake in DuPont de Nemours by 3.9% in the 4th quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 132 shares during the period. Triangle Securities Wealth Management boosted its stake in DuPont de Nemours by 0.7% in the 1st quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock valued at $1,456,000 after purchasing an additional 134 shares during the period. Laurel Wealth Advisors LLC boosted its stake in DuPont de Nemours by 5.3% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 142 shares during the period. Personal CFO Solutions LLC boosted its stake in DuPont de Nemours by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 6,327 shares of the basic materials company’s stock valued at $487,000 after purchasing an additional 153 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its stake in DuPont de Nemours by 2.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 162 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 1.6 %

DD stock opened at $81.08 on Tuesday. The stock’s 50 day simple moving average is $78.39 and its 200 day simple moving average is $74.38. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $82.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The company has a market cap of $33.90 billion, a P/E ratio of 98.88, a price-to-earnings-growth ratio of 2.49 and a beta of 1.36.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.65 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 earnings per share. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analysts Set New Price Targets

Several research firms recently issued reports on DD. JPMorgan Chase & Co. boosted their price target on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Mizuho lifted their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $101.00 in a report on Friday, May 17th. Finally, UBS Group boosted their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $91.09.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the sale, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

DuPont de Nemours 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.