DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Holderness Investments Co.

Holderness Investments Co. lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,410 shares of the basic materials company’s stock after selling 536 shares during the quarter. Holderness Investments Co.’s holdings in DuPont de Nemours were worth $1,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Palisade Asset Management LLC purchased a new position in DuPont de Nemours in the 1st quarter worth approximately $25,000. ESL Trust Services LLC acquired a new position in shares of DuPont de Nemours during the first quarter worth $26,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours during the second quarter worth $28,000. LifeSteps Financial Inc. purchased a new position in shares of DuPont de Nemours in the first quarter valued at $28,000. Finally, Fortitude Family Office LLC grew its holdings in DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

DD has been the subject of a number of analyst reports. Barclays upped their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Royal Bank of Canada increased their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. UBS Group lifted 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. Deutsche Bank Aktiengesellschaft increased their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Citigroup dropped their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Trading Up 0.2 %

DuPont de Nemours stock opened at $83.34 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12. The firm’s 50-day moving average is $80.72 and its 200-day moving average is $78.53. The company has a market cap of $34.84 billion, a P/E ratio of 101.63, a PEG ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. DuPont de Nemours’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts expect that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

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.