Mutual of America Capital Management LLC Has $4.44 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Mutual of America Capital Management LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,653 shares of the basic materials company’s stock after selling 6,651 shares during the quarter. Mutual of America Capital Management LLC’s holdings in DuPont de Nemours were worth $4,435,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. City State Bank lifted its holdings 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 worth $271,000 after buying an additional 132 shares during the period. Laurel Wealth Advisors LLC lifted its holdings 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 worth $209,000 after buying an additional 142 shares during the period. Ballast Inc. lifted its holdings in DuPont de Nemours by 1.0% in the 3rd quarter. Ballast Inc. now owns 14,119 shares of the basic materials company’s stock worth $1,053,000 after buying an additional 143 shares during the period. Personal CFO Solutions LLC lifted its holdings in DuPont de Nemours by 2.4% in the 3rd quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock worth $461,000 after buying an additional 147 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in DuPont de Nemours by 0.4% in the 3rd 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 period. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DD has been the subject of several research analyst reports. Mizuho dropped their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Royal Bank of Canada raised their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Citigroup raised their target price on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Bank of America cut DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their target price for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Hold” and an average price target of $77.90.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

DuPont de Nemours Stock Down 0.5 %

Shares of NYSE:DD opened at $73.44 on Tuesday. The stock has a fifty day simple moving average of $72.13 and a two-hundred day simple moving average of $72.13. The stock has a market capitalization of $30.70 billion, a price-to-earnings ratio of 78.97, a PEG ratio of 2.44 and a beta of 1.40. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74. 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 (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.38 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.07%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

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.