DuPont de Nemours, Inc. (NYSE:DD) Stock Position Decreased by Clearbridge Investments LLC

Clearbridge Investments LLC cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.7% in the fourth quarter, Holdings Channel reports. The firm owned 50,194 shares of the basic materials company’s stock after selling 372 shares during the period. Clearbridge Investments LLC’s holdings in DuPont de Nemours were worth $3,861,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DD. Northwest Financial Advisors acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at about $25,000. AlphaMark Advisors LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at about $41,000. Grove Bank & Trust increased its holdings in shares of 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 during the last quarter. Arlington Trust Co LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at about $44,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at about $44,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $81.12 on Friday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $81.29. The firm has a market capitalization of $33.92 billion, a PE ratio of 98.93, a PEG ratio of 2.34 and a beta of 1.39. The business’s 50 day moving average is $76.32 and its 200-day moving average is $72.89. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm earned $0.84 EPS. DuPont de Nemours’s revenue for the quarter was down 2.9% compared to the same quarter last year. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current year.

DuPont de Nemours Announces Dividend

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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s payout ratio is presently 185.37%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DD. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the company from $78.00 to $101.00 in a report on Friday, May 17th. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $80.00 to $103.00 in a report on Friday. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their target price for the company from $83.00 to $96.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of “Hold” and a consensus price target of $88.50.

Insider Transactions at DuPont de Nemours

In related news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael G. Goss sold 2,354 shares of the firm’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 transaction, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,193 shares of company stock valued at $1,726,655. 0.56% of the stock is owned by corporate insiders.

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.