Carret Asset Management LLC Sells 1,070 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Carret Asset Management LLC trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 26,964 shares of the basic materials company’s stock after selling 1,070 shares during the quarter. Carret Asset Management LLC’s holdings in DuPont de Nemours were worth $2,067,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DD. Federated Hermes Inc. raised its stake in shares of DuPont de Nemours by 96.7% in the third quarter. Federated Hermes Inc. now owns 2,178 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 1,071 shares during the last quarter. Bank of Nova Scotia lifted its holdings in DuPont de Nemours by 14.3% during the 3rd quarter. Bank of Nova Scotia now owns 44,033 shares of the basic materials company’s stock worth $3,284,000 after buying an additional 5,508 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new position in DuPont de Nemours in the 3rd quarter valued at $5,018,000. Waverly Advisors LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter valued at $252,000. Finally, Insigneo Advisory Services LLC bought a new stake in shares of DuPont de Nemours during the third quarter worth $219,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

DD has been the subject of a number of research reports. Mizuho lifted their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price target for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Barclays increased their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Finally, BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $91.09.

DuPont de Nemours Stock Down 0.2 %

DD stock traded down $0.17 during mid-day trading on Wednesday, hitting $79.19. 845,714 shares of the company were exchanged, compared to its average volume of 2,896,811. The firm has a market cap of $33.11 billion, a P/E ratio of 96.79, a P/E/G ratio of 2.51 and a beta of 1.34. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $82.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The firm’s 50 day simple moving average is $79.16 and its 200 day simple moving average is $74.72.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

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

Insider Activity at DuPont de Nemours

In other news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the sale, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

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.