Xponance Inc. reduces stake in DuPont de Nemours, Inc. (NYSE:DD)

Xponance Inc. has sold its interest in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) decreased by 2.4% during the fourth quarter, the company said in its most recent 13F filing with the Securities & Exchange Commission. The company owned 56,118 shares of the basic materials company after selling 1,380 shares during the period. The interests of Xponance Inc. in DuPont de Nemours were worth $4,317,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Peoples Bank KS bought a new position in DuPont de Nemours shares in the third quarter, valued at approximately $25,000. Cornerstone Planning Group LLC acquired a new position in DuPont de Nemours during the second quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours stock in the first quarter, valued at approximately $26,000. Carmel Capital Partners LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter valued at $36,000. Finally, AlphaMark Advisors LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at $41,000. 73.96% of the shares are currently held by institutional investors and hedge funds.

Wall Street analysts predict growth

A number of analysts have weighed in on DD stock. Barclays lowered their price target on DuPont de Nemours from $74.00 to $70.00 and gave the stock an “equalweight” rating in a research note on Monday, February 12. JPMorgan Chase & Co. raised their price target on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, March 22. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Mizuho lowered their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the company in a report on Wednesday, February 7. Finally, Wolfe Research initiated coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They gave the stock a peer perform rating. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of ‘Hold’ and an average price target of $77.90.

Get our latest research report on DD

DuPont de Nemours is trading 0.5% higher

Shares of DD stock opened at $73.89 on Friday. The company has a market cap of $30.89 billion, a price-to-earnings ratio of 79.45, a price-to-earnings-growth ratio of 2.44, and a beta of 1.40. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average is $72.65 and its two-hundred-day moving average is $72.12. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74.

DuPont de Nemours (NYSE:DD – Get Free Report) last posted its quarterly earnings data on Tuesday, February 6. The basic materials company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. DuPont de Nemours’ quarterly revenue fell 6.6% year over year. During the same period last year, the company posted earnings per share of $0.89. Stock analysts predict that DuPont de Nemours, Inc. will post earnings per share of 3.48 for the current year.

DuPont de Nemours announces dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17. Shareholders of record on Friday, May 31 will receive a dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 30. This represents a dividend of $1.52 annually and a dividend yield of 2.06%. DuPont de Nemours’ dividend payout ratio currently stands at 163.44%.

Insider activity at DuPont de Nemours

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

About DuPont de Nemours

(Free report)

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, Asia Pacific, Latin America, Europe, the Middle East and Africa. It operates through the Electronics & Industrial, Water & Protection and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the manufacturing of semiconductors and integrated circuits.

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Would you like to see which other hedge funds own DD? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for DuPont de Nemours, Inc. (NYSE:DD – Free Report).

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