Plimoth Trust Co. LLC Cuts Position in DuPont de Nemours, Inc. (NYSE:DD)

Plimoth Trust Co. LLC reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 19.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 8,494 shares of the basic materials company’s stock after selling 2,107 shares during the period. Plimoth Trust Co. LLC’s holdings in DuPont de Nemours were worth $651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Iams Wealth Management LLC grew its holdings in DuPont de Nemours by 6.2% in the first quarter. Iams Wealth Management LLC now owns 22,236 shares of the basic materials company’s stock valued at $1,705,000 after purchasing an additional 1,295 shares during the last quarter. Diversified Trust Co raised its position in DuPont de Nemours by 2.9% during the first quarter. Diversified Trust Co now owns 5,892 shares of the basic materials company’s stock worth $452,000 after acquiring an additional 168 shares during the last quarter. Roberts Wealth Advisors LLC lifted its holdings in shares of DuPont de Nemours by 3.3% in the first quarter. Roberts Wealth Advisors LLC now owns 36,478 shares of the basic materials company’s stock valued at $2,679,000 after purchasing an additional 1,180 shares in the last quarter. Coston McIsaac & Partners increased its stake in shares of DuPont de Nemours by 3.5% during the 1st quarter. Coston McIsaac & Partners now owns 68,059 shares of the basic materials company’s stock worth $5,217,000 after purchasing an additional 2,295 shares in the last quarter. Finally, Grimes & Company Inc. raised its holdings in shares of DuPont de Nemours by 8.1% in the first quarter. Grimes & Company Inc. now owns 3,047 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 229 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the business’s 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 transaction, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the firm’s 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 $1,097,559.96. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DD. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. JPMorgan Chase & Co. raised their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and increased their target price for the company from $85.00 to $95.00 in a research note on Tuesday, May 28th. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $103.00 in a report on Friday, May 24th. Finally, UBS Group upped their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.09.

DuPont de Nemours Trading Up 0.1 %

DuPont de Nemours stock opened at $79.37 on Wednesday. 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 firm has a 50 day simple moving average of $79.16 and a 200-day simple moving average of $74.72. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $82.63. The stock has a market capitalization of $33.18 billion, a PE ratio of 96.79, a price-to-earnings-growth ratio of 2.51 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the firm posted $0.84 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

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.