DMC Group LLC Sells 5,738 Shares of DuPont de Nemours, Inc. (NYSE:DD)

DMC Group LLC cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 71.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,275 shares of the basic materials company’s stock after selling 5,738 shares during the period. DMC Group LLC’s holdings in DuPont de Nemours were worth $203,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased its stake in shares of DuPont de Nemours by 403.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after purchasing an additional 1,139,156 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in DuPont de Nemours during the 2nd quarter worth approximately $83,540,000. Renaissance Technologies LLC bought a new stake in DuPont de Nemours during the second quarter valued at $67,665,000. Ceredex Value Advisors LLC grew its stake in DuPont de Nemours by 95.0% during the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after purchasing an additional 567,732 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of DuPont de Nemours by 34.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after acquiring an additional 391,400 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada upped their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $94.91.

DuPont de Nemours Stock Down 0.2 %

DD opened at $85.09 on Friday. The firm’s 50 day simple moving average is $83.34 and its two-hundred day simple moving average is $80.31. The company has a market capitalization of $35.58 billion, a PE ratio of 103.77, a PEG ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. DuPont de Nemours’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.79%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

DuPont de Nemours 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.