Sentry Investment Management LLC Sells 257 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sentry Investment Management LLC lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,395 shares of the basic materials company’s stock after selling 257 shares during the period. Sentry Investment Management LLC’s holdings in DuPont de Nemours were worth $184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC increased its stake 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 worth $821,569,000 after purchasing an additional 11,960,552 shares in the last quarter. Invesco Ltd. grew its stake in DuPont de Nemours by 6.7% in the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after buying an additional 639,246 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in DuPont de Nemours by 19.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock valued at $550,413,000 after acquiring an additional 1,261,028 shares during the period. Morgan Stanley lifted its position in shares of DuPont de Nemours by 6.9% during the fourth quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock worth $528,241,000 after acquiring an additional 498,633 shares in the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of DuPont de Nemours by 0.8% in the second quarter. Macquarie Group Ltd. now owns 7,279,781 shares of the basic materials company’s stock valued at $404,619,000 after purchasing an additional 58,814 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Wolfe Research began coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Barclays decreased their price target on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. 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. According to MarketBeat, DuPont de Nemours has a consensus rating of “Hold” and a consensus target price of $77.90.

Insider Transactions at DuPont de Nemours

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

DuPont de Nemours Stock Down 1.2 %

Shares of DuPont de Nemours stock opened at $72.58 on Wednesday. The company’s fifty day simple moving average is $72.27 and its two-hundred day simple moving average is $72.11. The company has a market cap of $30.34 billion, a P/E ratio of 78.04, a PEG ratio of 2.43 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. 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) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the company earned $0.89 EPS. The business’s revenue was down 6.6% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.48 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 annualized dividend and a yield of 2.09%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s dividend payout ratio (DPR) is currently 163.44%.

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.