DuPont de Nemours, Inc. (NYSE:DD) Stake Lowered by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,119 shares of the basic materials company’s stock after selling 405 shares during the quarter. DuPont de Nemours accounts for 3.3% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 8th largest position. Corbyn Investment Management Inc. MD’s holdings in DuPont de Nemours were worth $6,933,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of 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 worth $754,838,000 after buying an additional 639,246 shares in the last quarter. Northern Trust Corp grew its position in shares of DuPont de Nemours by 2.0% in the third quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company’s stock valued at $391,295,000 after purchasing an additional 104,141 shares during the last quarter. Empower Advisory Group LLC raised its position in shares of DuPont de Nemours by 1.3% during the 3rd quarter. Empower Advisory Group LLC now owns 1,266,212 shares of the basic materials company’s stock worth $94,447,000 after purchasing an additional 16,293 shares during the last quarter. Strs Ohio grew its holdings in DuPont de Nemours by 2.1% during the 4th quarter. Strs Ohio now owns 995,743 shares of the basic materials company’s stock valued at $76,602,000 after buying an additional 20,101 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in DuPont de Nemours by 4.3% during the third quarter. California Public Employees Retirement System now owns 899,442 shares of the basic materials company’s stock worth $67,089,000 after buying an additional 37,388 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DD shares. Wolfe Research assumed coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Mizuho cut their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Finally, Citigroup raised their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $77.90.

DuPont de Nemours Trading Up 0.6 %

Shares of DuPont de Nemours stock traded up $0.47 during trading hours on Friday, reaching $73.97. The stock had a trading volume of 720,340 shares, compared to its average volume of 2,986,487. The firm has a market capitalization of $30.92 billion, a price-to-earnings ratio of 79.02, a P/E/G ratio of 2.42 and a beta of 1.40. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $78.74. 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 firm has a 50 day simple moving average of $73.13 and a two-hundred day simple moving average of $72.13.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 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 analyst estimates of $2.92 billion. During the same quarter last year, the firm posted $0.89 earnings per share. DuPont de Nemours’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.38 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.05%. DuPont de Nemours’s dividend payout ratio is currently 163.44%.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by corporate insiders.

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.