Geneos Wealth Management Inc. Sells 200 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Geneos Wealth Management Inc. lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,403 shares of the basic materials company’s stock after selling 200 shares during the quarter. Geneos Wealth Management Inc.’s holdings in DuPont de Nemours were worth $185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DD. City State Bank grew its holdings in shares of DuPont de Nemours by 3.9% in the fourth quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock worth $271,000 after acquiring an additional 132 shares during the period. Laurel Wealth Advisors LLC grew its stake in shares of DuPont de Nemours by 5.3% during 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. Ballast Inc. increased its position in shares of DuPont de Nemours by 1.0% during the 3rd quarter. Ballast Inc. now owns 14,119 shares of the basic materials company’s stock valued at $1,053,000 after purchasing an additional 143 shares during the last quarter. Personal CFO Solutions LLC increased its position in shares of DuPont de Nemours by 2.4% during the 3rd quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 147 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of DuPont de Nemours by 0.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 36,787 shares of the basic materials company’s stock worth $2,744,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Activity

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.38% of the company’s stock.

DuPont de Nemours Stock Performance

DD opened at $73.80 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The stock has a market capitalization of $30.85 billion, a price-to-earnings ratio of 79.36, a PEG ratio of 2.44 and a beta of 1.40. The company has a fifty day moving average of $71.88 and a 200 day moving average of $72.14. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion during 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%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, February 28th. DuPont de Nemours’s dividend payout ratio is 163.44%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Wells Fargo & Company lifted their target price on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday. Wolfe Research initiated coverage on DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Barclays lowered their price objective on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Finally, Mizuho reduced their target price 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.