National Bank of Canada FI Cuts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

National Bank of Canada FI trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 61.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,028 shares of the basic materials company’s stock after selling 258,649 shares during the quarter. National Bank of Canada FI’s holdings in DuPont de Nemours were worth $12,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of DD. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of DuPont de Nemours by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,727 shares of the basic materials company’s stock worth $6,245,000 after purchasing an additional 1,531 shares during the last quarter. Advisor Partners II LLC raised its stake in DuPont de Nemours by 10.9% in the 3rd quarter. Advisor Partners II LLC now owns 23,930 shares of the basic materials company’s stock valued at $1,785,000 after acquiring an additional 2,350 shares during the period. Park Avenue Securities LLC lifted its holdings in DuPont de Nemours by 4.8% during the third quarter. Park Avenue Securities LLC now owns 14,507 shares of the basic materials company’s stock valued at $1,082,000 after purchasing an additional 663 shares during the last quarter. TIAA Trust National Association bought a new stake in shares of DuPont de Nemours in the third quarter valued at approximately $1,394,000. Finally, BSW Wealth Partners grew its stake in DuPont de Nemours by 14.1% in the 3rd quarter. BSW Wealth Partners now owns 4,745 shares of the basic materials company’s stock valued at $354,000 after buying an additional 588 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 1.3 %

DuPont de Nemours stock opened at $78.23 on Thursday. The stock has a 50-day moving average of $74.46 and a two-hundred day moving average of $72.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $79.63. The stock has a market cap of $32.71 billion, a PE ratio of 95.40, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the business posted $0.84 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.61 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Insider Activity

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Royal Bank of Canada upped their price target on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. BMO Capital Markets cut DuPont de Nemours from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. TheStreet cut DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Bank of America lowered DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price objective for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Hold” and an average target price of $80.00.

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.