Mutual of America Capital Management LLC Sells 1,260 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mutual of America Capital Management LLC trimmed its stake in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 2.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,393 shares of the basic materials company’s stock after selling 1,260 shares during the period. Mutual of America Capital Management LLC’s holdings in DuPont de Nemours were worth $4,324,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of DuPont de Nemours by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after acquiring an additional 3,168,740 shares during the last quarter. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $111,980,000. Great Lakes Advisors LLC lifted 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 acquiring an additional 450,422 shares during the last quarter. Nuance Investments LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $24,785,000. Finally, International Assets Investment Management LLC lifted 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 acquiring an additional 282,166 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 1,339 shares of the business’s 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 transaction, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the sale, the insider now directly owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

DuPont de Nemours Stock Up 1.3 %

Shares of DD stock opened at $79.56 on Thursday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $82.63. The stock’s fifty day moving average price is $79.75 and its 200 day moving average price is $74.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The company has a market cap of $33.26 billion, a price-to-earnings ratio of 97.03, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34.

DuPont de Nemours (NYSE:DDGet Free Report) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the business earned $0.84 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.91%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of research analyst reports. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Mizuho lifted their target price on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Citigroup raised DuPont de Nemours from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $95.00 in a research report on Tuesday, May 28th. Finally, Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their target price for the company from $78.00 to $101.00 in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.09.

Get Our Latest Report on DuPont de Nemours

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.

Further Reading

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

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