DuPont de Nemours, Inc. (NYSE:DD) Stake Lessened by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 20.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,218 shares of the basic materials company’s stock after selling 322 shares during the period. Farmers & Merchants Investments Inc.’s holdings in DuPont de Nemours were worth $93,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Financial Advisors acquired a new stake in DuPont de Nemours during the fourth quarter valued at approximately $25,000. Cassady Schiller Wealth Management LLC boosted its stake in DuPont de Nemours by 153.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 261 shares during the period. Neo Ivy Capital Management acquired a new position in DuPont de Nemours in the 4th quarter worth approximately $40,000. Grove Bank & Trust boosted its stake in DuPont de Nemours by 55.1% in the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 188 shares during the period. Finally, AlphaMark Advisors LLC acquired a new position in DuPont de Nemours in the 4th quarter worth approximately $41,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Down 0.4 %

Shares of DuPont de Nemours stock traded down $0.28 during midday trading on Tuesday, reaching $78.99. 490,818 shares of the company’s stock traded hands, compared to its average volume of 2,903,014. The company has a market cap of $33.03 billion, a price-to-earnings ratio of 96.66, a price-to-earnings-growth ratio of 2.51 and a beta of 1.34. The company’s 50 day simple moving average is $79.05 and its 200 day simple moving average is $74.67. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $82.63.

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

DuPont de Nemours Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Mizuho raised their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their target price for the company from $78.00 to $101.00 in a research note on Friday, May 17th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Finally, Citigroup raised shares of DuPont de Nemours from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $95.00 in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $91.09.

Insider Buying and Selling

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

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.