Simplicity Solutions LLC Sells 639 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Simplicity Solutions LLC lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 6.6% during the 4th quarter, Holdings Channel reports. The firm owned 9,062 shares of the basic materials company’s stock after selling 639 shares during the period. Simplicity Solutions LLC’s holdings in DuPont de Nemours were worth $697,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Lido Advisors LLC boosted its stake in shares of DuPont de Nemours by 10.4% in the 3rd 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 acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $1,859,000. Premier Path Wealth Partners LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $1,031,000. Axxcess Wealth Management LLC raised its position in shares of DuPont de Nemours by 424.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 28,568 shares of the basic materials company’s stock valued at $2,131,000 after acquiring an additional 23,116 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of DuPont de Nemours by 60.6% in the 4th quarter. Pacer Advisors Inc. now owns 46,599 shares of the basic materials company’s stock valued at $3,585,000 after acquiring an additional 17,592 shares during the period. 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 2,354 shares of DuPont de Nemours 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 directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

DuPont de Nemours Price Performance

NYSE:DD opened at $73.08 on Thursday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year 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. The firm has a fifty day simple moving average of $72.40 and a 200 day simple moving average of $72.12. The stock has a market capitalization of $30.55 billion, a PE ratio of 78.58, a P/E/G ratio of 2.43 and a beta of 1.40.

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

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.08%. DuPont de Nemours’s dividend payout ratio (DPR) is 163.44%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Barclays dropped their target price on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. 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. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Hold” and a consensus 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.