Bleakley Financial Group LLC Sells 639 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Bleakley Financial Group LLC trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,062 shares of the basic materials company’s stock after selling 639 shares during the quarter. Bleakley Financial Group LLC’s holdings in DuPont de Nemours were worth $697,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its stake in DuPont de Nemours by 114,597.6% during 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 purchasing an additional 11,960,552 shares during the last quarter. Invesco Ltd. raised its holdings in shares of 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 buying an additional 639,246 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of DuPont de Nemours by 19.6% during the 2nd 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 last quarter. Morgan Stanley boosted its stake 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 valued at $528,241,000 after buying an additional 498,633 shares in the last quarter. Finally, Macquarie Group Ltd. grew 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 valued at $404,619,000 after acquiring an additional 58,814 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $73.80 on Friday. The company has a market cap of $30.85 billion, a P/E ratio of 79.35, a PEG ratio of 2.51 and a beta of 1.40. The business has a 50-day moving average price of $71.88 and a two-hundred day moving average price of $72.15. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $78.74.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.48 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a $0.38 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 annualized dividend and a yield of 2.06%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Insiders Place Their Bets

In related news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DD shares. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their target price for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. Mizuho lowered their price target on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. JPMorgan Chase & Co. raised their price objective on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Finally, Citigroup upped their target price on DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Hold” and an average target price of $77.90.

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.