Cambridge Trust Co. Trims Position in DuPont de Nemours, Inc. (NYSE:DD)

Cambridge Trust Co. trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 48.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,630 shares of the basic materials company’s stock after selling 6,230 shares during the period. Cambridge Trust Co.’s holdings in DuPont de Nemours were worth $510,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its position in shares of DuPont de Nemours by 114,597.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after acquiring an additional 11,960,552 shares during the period. Nuveen Asset Management LLC boosted its position in shares of DuPont de Nemours by 19.6% during the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock valued at $550,413,000 after buying an additional 1,261,028 shares during the last quarter. Norges Bank bought a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $65,712,000. Barclays PLC raised its holdings in shares of DuPont de Nemours by 162.4% during the second quarter. Barclays PLC now owns 1,293,781 shares of the basic materials company’s stock valued at $92,427,000 after purchasing an additional 800,685 shares during the last quarter. Finally, Invesco Ltd. lifted its position in DuPont de Nemours by 6.7% during the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after purchasing an additional 639,246 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.6 %

Shares of DD stock opened at $73.53 on Friday. The company’s fifty day simple moving average is $72.53 and its two-hundred day simple moving average is $72.13. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74. The stock has a market cap of $30.74 billion, a P/E ratio of 79.07, a PEG ratio of 2.42 and a beta of 1.40. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. Analysts predict that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.38 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.07%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Insider Buying and Selling at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DD. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. BMO Capital Markets cut DuPont de Nemours from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $80.00 to $72.00 in a report on Wednesday, January 24th. Wells Fargo & Company boosted their price target on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Wolfe Research began coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.90.

About DuPont de Nemours

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.