Eurizon Capital SGR S.p.A. Sells 380,560 Shares of DuPont de Nemours, Inc. $DD

Eurizon Capital SGR S.p.A. cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 47.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 422,666 shares of the basic materials company’s stock after selling 380,560 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in DuPont de Nemours were worth $54,906,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Maryland State Retirement & Pension System raised its stake in DuPont de Nemours by 16.9% in the 3rd quarter. Maryland State Retirement & Pension System now owns 8,403 shares of the basic materials company’s stock valued at $1,091,000 after acquiring an additional 1,213 shares during the period. Jacobi Capital Management LLC increased its position in shares of DuPont de Nemours by 2.1% during the third quarter. Jacobi Capital Management LLC now owns 7,259 shares of the basic materials company’s stock valued at $943,000 after buying an additional 149 shares during the period. Illinois Municipal Retirement Fund boosted its stake in DuPont de Nemours by 15.1% during the third quarter. Illinois Municipal Retirement Fund now owns 76,119 shares of the basic materials company’s stock valued at $9,887,000 after buying an additional 9,963 shares during the period. Mesirow Financial Investment Management Inc. grew its position in DuPont de Nemours by 7.0% during the third quarter. Mesirow Financial Investment Management Inc. now owns 3,173 shares of the basic materials company’s stock worth $412,000 after buying an additional 208 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new position in DuPont de Nemours in the 3rd quarter worth about $2,625,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Citigroup increased their price target on shares of DuPont de Nemours from $162.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Friday, October 30th. Barclays increased their target price on shares of DuPont de Nemours from $156.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Finally, Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.88.

Insider Activity at DuPont de Nemours

In other news, SVP Erik T. Hoover sold 4,203 shares of DuPont de Nemours stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $150.82, for a total value of $633,896.46. Following the sale, the senior vice president directly owned 38,798 shares in the company, valued at approximately $5,851,514.36. This trade represents a 9.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward D. Breen sold 89,845 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $146.41, for a total value of $13,154,206.45. Following the transaction, the director directly owned 127,276 shares in the company, valued at $18,634,479.16. This trade represents a 41.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 96,359 shares of company stock worth $14,137,411 in the last 90 days. Company insiders own 0.96% of the company’s stock.

DuPont de Nemours Stock Down 0.8%

Shares of DuPont de Nemours stock opened at $153.48 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.74 and a current ratio of 2.36. DuPont de Nemours, Inc. has a 52-week low of $111.15 and a 52-week high of $159.48. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 68.83, a P/E/G ratio of 1.34 and a beta of 1.06. The company’s 50 day moving average price is $135.37 and its 200-day moving average price is $139.37.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.22. DuPont de Nemours had a net margin of 4.26% and a return on equity of 6.85%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business posted $1.09 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. Equities research analysts forecast that DuPont de Nemours, Inc. will post 7.51 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 107.62%.

About DuPont de Nemours

DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation. The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.