Aviance Capital Partners LLC Sells 1,136 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Aviance Capital Partners LLC lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 10.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,360 shares of the basic materials company’s stock after selling 1,136 shares during the period. Aviance Capital Partners LLC’s holdings in DuPont de Nemours were worth $718,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DD. Lido Advisors LLC raised its holdings in shares of DuPont de Nemours by 10.4% in the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock valued at $1,270,000 after purchasing an additional 1,609 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $1,859,000. Premier Path Wealth Partners LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $1,031,000. abrdn plc grew its holdings in shares of DuPont de Nemours by 30.9% in the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after acquiring an additional 95,505 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $797,000. Institutional investors own 73.96% of the company’s stock.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred on Thursday, May 9th. The shares were 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 in the company, valued at $1,097,559.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Leland Weaver sold 18,500 shares of the firm’s 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 transaction, the insider now directly 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 link. Also, insider Michael G. Goss sold 1,339 shares of the company’s 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 approximately $1,097,559.96. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DD shares. Barclays upped their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their target price for the company from $78.00 to $101.00 in a research note on Friday, May 17th. Mizuho raised their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Citigroup raised shares of DuPont de Nemours from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $95.00 in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $91.09.

DuPont de Nemours Stock Down 1.5 %

DD stock opened at $79.26 on Tuesday. The stock has a 50-day simple moving average of $79.05 and a two-hundred day simple moving average of $74.67. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $82.63. The firm has a market capitalization of $33.14 billion, a PE ratio of 96.66, a PEG ratio of 2.51 and a beta of 1.34. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32.

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, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. DuPont de Nemours’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

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.