DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 32.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,165 shares of the basic materials company’s stock after selling 5,757 shares during the period. Welch & Forbes LLC’s holdings in DuPont de Nemours were worth $936,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Peoples Bank KS purchased a new position in DuPont de Nemours in the 3rd quarter valued at $25,000. Carmel Capital Partners LLC acquired a new position in DuPont de Nemours during the third quarter worth about $36,000. Grove Bank & Trust grew its stake 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 valued at $41,000 after acquiring an additional 188 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $41,000. Finally, Arlington Trust Co LLC purchased a new position in DuPont de Nemours in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Transactions at DuPont de Nemours

In related news, insider Leland Weaver sold 18,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE:DD traded down $0.48 on Wednesday, reaching $78.81. 539,519 shares of the company were exchanged, compared to its average volume of 2,985,055. The company has a 50-day moving average of $74.29 and a 200-day moving average of $72.16. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The firm has a market cap of $32.95 billion, a price-to-earnings ratio of 96.70, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $79.63.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $2.93 billion during 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 company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DD shares. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Royal Bank of Canada lifted their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Barclays boosted their target price on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Hold” and a consensus price target of $80.00.

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.