DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,369 shares of the basic materials company’s stock after selling 826 shares during the quarter. Rafferty Asset Management LLC’s holdings in DuPont de Nemours were worth $2,567,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $111,980,000. Invesco Ltd. raised its stake 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 during the period. Great Lakes Advisors LLC raised its stake in shares of DuPont de Nemours by 156.6% during the 4th quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock worth $56,772,000 after buying an additional 450,422 shares during the period. Nuance Investments LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $24,785,000. Finally, International Assets Investment Management LLC raised its stake in shares of DuPont de Nemours by 9,558.5% during the 4th quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock worth $21,934,000 after buying an additional 282,166 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the transaction, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the sale, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,193 shares of company stock worth $1,726,655. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on DD. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $95.00 in a research report on Tuesday, May 28th. Wolfe Research began coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating for the company. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $91.09.

Check Out Our Latest Stock Analysis on DD

DuPont de Nemours Stock Performance

NYSE DD opened at $80.01 on Friday. The stock has a market cap of $33.45 billion, a PE ratio of 97.57, a P/E/G ratio of 2.50 and a beta of 1.36. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $82.63. The stock has a fifty day simple moving average of $77.45 and a 200-day simple moving average of $73.65.

DuPont de Nemours (NYSE:DDGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

DuPont de Nemours Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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