Prudent Man Advisors LLC Cuts Position in DuPont de Nemours, Inc. (NYSE:DD)

Prudent Man Advisors LLC decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,962 shares of the basic materials company’s stock after selling 220 shares during the quarter. Prudent Man Advisors LLC’s holdings in DuPont de Nemours were worth $1,283,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of DuPont de Nemours by 98,126.8% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,744,718 shares of the basic materials company’s stock worth $1,196,243,000 after purchasing an additional 16,727,671 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in DuPont de Nemours by 114,597.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after acquiring an additional 11,960,552 shares in the last quarter. Morgan Stanley boosted its stake in DuPont de Nemours by 6.9% in the fourth quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock valued at $528,241,000 after acquiring an additional 498,633 shares in the last quarter. Macquarie Group Ltd. boosted its stake in DuPont de Nemours by 0.8% in the second quarter. Macquarie Group Ltd. now owns 7,279,781 shares of the basic materials company’s stock valued at $404,619,000 after acquiring an additional 58,814 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in DuPont de Nemours by 4.4% in the first quarter. Invesco Ltd. now owns 5,222,560 shares of the basic materials company’s stock valued at $384,276,000 after acquiring an additional 218,388 shares in the last quarter. Hedge funds and other institutional investors own 76.25% of the company’s stock.

Insider Transactions at DuPont de Nemours

In other news, SVP Raj Ratnakar sold 50,633 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $77.42, for a total value of $3,920,006.86. Following the completion of the sale, the senior vice president now directly owns 31,720 shares of the company’s stock, valued at approximately $2,455,762.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DD. Mizuho increased their price target on shares of DuPont de Nemours from $81.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Royal Bank of Canada lowered their price target on shares of DuPont de Nemours from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd. Barclays lowered their target price on shares of DuPont de Nemours from $77.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, November 2nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $73.00 target price on shares of DuPont de Nemours in a research note on Thursday, August 3rd. Finally, Citigroup lowered their target price on shares of DuPont de Nemours from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded up $0.28 during trading on Monday, reaching $71.50. 201,196 shares of the company’s stock traded hands, compared to its average volume of 2,979,224. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.15 and a quick ratio of 1.53. DuPont de Nemours, Inc. has a 12 month low of $62.80 and a 12 month high of $78.74. The company has a 50 day moving average of $72.78 and a 200-day moving average of $72.15. The stock has a market capitalization of $30.75 billion, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 2.36 and a beta of 1.36.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, November 1st. The basic materials company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. DuPont de Nemours had a net margin of 37.49% and a return on equity of 6.18%. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. On average, equities analysts expect that DuPont de Nemours, Inc. will post 3.46 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.01%. The ex-dividend date is Wednesday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 14.89%.

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 addressing various steps of the manufacturing process.