First Fiduciary Investment Counsel Inc. Sells 8,755 Shares of DuPont de Nemours, Inc. (NYSE:DD)

First Fiduciary Investment Counsel Inc. lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,342 shares of the basic materials company’s stock after selling 8,755 shares during the quarter. DuPont de Nemours makes up approximately 1.9% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 26th biggest holding. First Fiduciary Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $8,642,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Peoples Bank KS bought a new position in shares of DuPont de Nemours in the 3rd quarter valued at about $25,000. Carmel Capital Partners LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $36,000. AlphaMark Advisors LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $41,000. Grove Bank & Trust raised its holdings in DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after buying an additional 188 shares during the period. Finally, Arlington Trust Co LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth approximately $44,000. Institutional investors own 73.96% of the company’s stock.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction 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 directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

DuPont de Nemours Price Performance

NYSE:DD opened at $73.71 on Friday. 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 fifty day simple moving average of $73.23 and a 200 day simple moving average of $72.12. The stock has a market capitalization of $30.82 billion, a PE ratio of 79.26, a P/E/G ratio of 2.41 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. DuPont de Nemours’s dividend payout ratio (DPR) is 163.44%.

Analyst Ratings Changes

Several analysts have commented on DD shares. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Citigroup raised their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, Bank of America cut shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price target for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $77.90.

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.