Prudent Man Advisors LLC Sells 368 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Prudent Man Advisors LLC lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 2.3% in the first quarter, HoldingsChannel reports. The firm owned 15,470 shares of the basic materials company’s stock after selling 368 shares during the period. Prudent Man Advisors LLC’s holdings in DuPont de Nemours were worth $1,138,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kwmg LLC lifted its position in DuPont de Nemours by 11.9% during the first quarter. Kwmg LLC now owns 47,225 shares of the basic materials company’s stock worth $3,475,000 after acquiring an additional 5,034 shares during the last quarter. Equitable Holdings Inc. bought a new position in DuPont de Nemours in the fourth quarter valued at approximately $599,000. CWM LLC increased its stake in DuPont de Nemours by 40.5% in the first quarter. CWM LLC now owns 8,479 shares of the basic materials company’s stock valued at $624,000 after acquiring an additional 2,446 shares during the last quarter. Cinctive Capital Management LP bought a new position in DuPont de Nemours in the fourth quarter valued at approximately $1,497,000. Finally, WealthPLAN Partners LLC increased its stake in DuPont de Nemours by 5.9% in the first quarter. WealthPLAN Partners LLC now owns 3,681 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 204 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $58.88 on Friday. The firm’s 50-day moving average price is $59.09 and its 200-day moving average price is $67.90. DuPont de Nemours, Inc. has a 1-year low of $52.56 and a 1-year high of $85.16. The firm has a market capitalization of $29.94 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.88 and a beta of 1.42. The company has a current ratio of 2.55, a quick ratio of 2.38 and a debt-to-equity ratio of 0.41.

DuPont de Nemours (NYSE:DDGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13. DuPont de Nemours had a net margin of 12.35% and a return on equity of 7.54%. The firm had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The business’s quarterly revenue was down 19.7% compared to the same quarter last year. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.35 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 Thursday, September 15th. Investors of record on Friday, July 29th will be issued a $0.33 dividend. The ex-dividend date is Thursday, July 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.24%. DuPont de Nemours’s dividend payout ratio is presently 36.26%.

Analysts Set New Price Targets

A number of analysts have weighed in on DD shares. KeyCorp decreased their target price on shares of DuPont de Nemours from $96.00 to $82.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 20th. Wells Fargo & Company decreased their target price on shares of DuPont de Nemours from $83.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Jefferies Financial Group cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $92.00 to $60.00 in a research note on Thursday, June 16th. Barclays reduced their price objective on shares of DuPont de Nemours from $78.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Monday, July 11th. Finally, Bank of America reduced their price objective on shares of DuPont de Nemours from $77.00 to $73.00 in a research note on Wednesday, July 13th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.40.

DuPont de Nemours Company Profile

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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

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