Roberts Wealth Advisors LLC Decreases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Roberts Wealth Advisors LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,697 shares of the basic materials company’s stock after selling 348 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $2,550,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in shares of DuPont de Nemours in the 1st quarter worth about $50,000. United Bank increased its holdings in shares of DuPont de Nemours by 7.6% in the 1st quarter. United Bank now owns 11,482 shares of the basic materials company’s stock valued at $845,000 after acquiring an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of DuPont de Nemours during the 1st quarter valued at approximately $195,000. Blair William & Co. IL increased its stake in DuPont de Nemours by 0.9% during the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock valued at $6,964,000 after purchasing an additional 866 shares during the last quarter. Finally, Prudential PLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter worth approximately $821,000. Hedge funds and other institutional investors own 76.25% of the company’s stock.

DuPont de Nemours Trading Up 0.2 %

Shares of NYSE DD traded up $0.16 during midday trading on Tuesday, reaching $74.94. 103,935 shares of the stock were exchanged, compared to its average volume of 3,044,282. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.98 and a quick ratio of 2.35. DuPont de Nemours, Inc. has a 12 month low of $49.52 and a 12 month high of $78.74. The business has a 50-day simple moving average of $75.58 and a two-hundred day simple moving average of $71.33. The company has a market capitalization of $34.40 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 2.22 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.03 billion. DuPont de Nemours had a return on equity of 6.11% and a net margin of 37.09%. DuPont de Nemours’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.45 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, July 31st were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, July 28th. DuPont de Nemours’s dividend payout ratio is currently 14.85%.

Insider Activity

In other news, insider Michael G. Goss sold 7,919 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $77.36, for a total value of $612,613.84. Following the completion of the sale, the insider now owns 13,363 shares of the company’s stock, valued at $1,033,761.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Raj Ratnakar sold 50,633 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $77.42, for a total transaction of $3,920,006.86. Following the sale, the senior vice president now owns 31,720 shares of the company’s stock, valued at approximately $2,455,762.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael G. Goss sold 7,919 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $77.36, for a total transaction of $612,613.84. Following the transaction, the insider now directly owns 13,363 shares of the company’s stock, valued at approximately $1,033,761.68. The disclosure for this sale can be found here. Insiders sold a total of 74,390 shares of company stock valued at $5,713,502 in the last quarter. Company insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

DD has been the topic of a number of recent analyst reports. TheStreet cut DuPont de Nemours from a “b-” rating to a “c+” rating in a report on Monday, July 10th. Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 3rd. Barclays boosted their target price on shares of DuPont de Nemours from $70.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, August 3rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $73.00 target price on shares of DuPont de Nemours in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.50.

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 addressing various steps of the manufacturing process.