DuPont de Nemours, Inc. $DD Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 8.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 233,047 shares of the basic materials company’s stock after selling 21,902 shares during the quarter. Corient Private Wealth LLC owned approximately 0.06% of DuPont de Nemours worth $15,985,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of DD. Princeton Global Asset Management LLC increased its stake in DuPont de Nemours by 64.4% during the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after buying an additional 143 shares during the period. WPG Advisers LLC bought a new position in shares of DuPont de Nemours during the 1st quarter valued at about $35,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of DuPont de Nemours by 67.5% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the basic materials company’s stock valued at $37,000 after buying an additional 218 shares during the period. Ransom Advisory Ltd acquired a new position in shares of DuPont de Nemours in the first quarter worth $40,000. Finally, Quaker Wealth Management LLC raised its holdings in shares of DuPont de Nemours by 200.7% during the second quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 1,184 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup lifted their price target on DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Morgan Stanley dropped their target price on shares of DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. Royal Bank Of Canada cut their target price on shares of DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Wells Fargo & Company decreased their price target on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Finally, KeyCorp dropped their price objective on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

Insiders Place Their Bets

In related news, CEO Lori Koch sold 9,011 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the sale, the chief executive officer directly owned 288,326 shares in the company, valued at approximately $11,377,343.96. This trade represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Erik T. Hoover sold 6,005 shares of the firm’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.79, for a total transaction of $238,938.95. Following the sale, the senior vice president owned 112,101 shares of the company’s stock, valued at approximately $4,460,498.79. This represents a 5.08% decrease in their position. The SEC filing for this sale provides additional information. 0.61% of the stock is owned by corporate insiders.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $40.64 on Thursday. The business’s fifty day moving average is $37.43 and its two-hundred day moving average is $33.16. The firm has a market cap of $17.03 billion, a P/E ratio of -22.08, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.63 and a current ratio of 2.00. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $41.83.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.29 earnings per share for the quarter. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. The business had revenue of $3.02 billion during the quarter. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a $0.20 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.80 annualized dividend and a yield of 2.0%. DuPont de Nemours’s dividend payout ratio (DPR) is -43.48%.

DuPont de Nemours declared that its board has approved a stock repurchase plan on Thursday, November 6th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 12.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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.