Bank Julius Baer & Co. Ltd Zurich Trims Stake in DuPont de Nemours, Inc. (NYSE:DD)

Bank Julius Baer & Co. Ltd Zurich lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 86.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,343 shares of the basic materials company’s stock after selling 14,755 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in DuPont de Nemours were worth $180,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DD. DAVENPORT & Co LLC raised its stake in shares of DuPont de Nemours by 3.3% in the third quarter. DAVENPORT & Co LLC now owns 10,588 shares of the basic materials company’s stock valued at $790,000 after acquiring an additional 338 shares during the period. Exchange Traded Concepts LLC lifted its holdings in DuPont de Nemours by 51.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,811 shares of the basic materials company’s stock valued at $210,000 after buying an additional 959 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in DuPont de Nemours by 3.9% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 9,766 shares of the basic materials company’s stock valued at $728,000 after buying an additional 370 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new stake in DuPont de Nemours during the 3rd quarter valued at about $206,000. Finally, Bremer Bank National Association lifted its holdings in DuPont de Nemours by 9.1% during the 3rd quarter. Bremer Bank National Association now owns 56,807 shares of the basic materials company’s stock valued at $4,237,000 after buying an additional 4,749 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Activity

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

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $73.71 on Friday. The company has a market capitalization of $30.82 billion, a PE ratio of 79.26, a P/E/G ratio of 2.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The company has a 50-day simple moving average of $73.23 and a two-hundred day simple moving average of $72.09. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $78.74.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. Research analysts expect that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 163.44%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Citigroup lifted their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Barclays decreased their price objective on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $80.00 to $72.00 in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.90.

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.