DuPont de Nemours, Inc. (NYSE: DD) Holdings terminated by Sumitomo Mitsui Trust Holdings Inc.

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Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE: DD – Get Rating) by 6.2% during the 4th quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor held 1,427,123 shares of the basic materials company after selling 94,375 shares during the period. Sumitomo Mitsui Trust Holdings Inc. held 0.27% of DuPont de Nemours worth $115,283,000 when it last filed with the SEC.

Other institutional investors have also recently bought and sold shares of the company. WealthPLAN Partners LLC increased its stake in DuPont de Nemours by 3.9% in the fourth quarter. WealthPLAN Partners LLC now owns 3,477 shares of the basic materials company valued at $266,000 after acquiring 129 additional shares during the period. Cordasco Financial Network increased its stake in DuPont de Nemours by 2.8% in the third quarter. Cordasco Financial Network now owns 4,784 shares of the basic materials company valued at $325,000 after buying 130 additional shares during the period. Mount Yale Investment Advisors LLC increased its stake in DuPont de Nemours by 1.8% in the third quarter. Mount Yale Investment Advisors LLC now owns 7,700 shares of the basic materials company valued at $524,000 after buying 139 additional shares during the period. Quadrant Capital Group LLC increased its stake in DuPont de Nemours by 3.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,768 shares of the basic materials company valued at $385,000 after purchasing an additional 140 shares during the period. Finally, Laird Norton Trust Company LLC increased its stake in DuPont de Nemours by 4.9% in the third quarter. Laird Norton Trust Company LLC now owns 3,064 shares of the basic materials company valued at $208,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds hold 69.32% of the company’s shares.

In other DuPont de Nemours news, insider Leland Weaver sold 2,183 shares in a trade on Thursday, January 13. The stock was sold at an average price of $84.00, for a total value of $183,372.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders of the company own 0.24% of the shares of the company.

DD was down $0.87 in Friday’s midday session, hitting $68.84. 3,113,012 shares of the company were traded, with an average volume of 2,781,871. DuPont de Nemours, Inc. has a 52-week low of $66.37 and a 52-week high of $86.28. The company has a market capitalization of $35.31 billion, a PE ratio of 6.29, a growth price-earnings ratio of 1.66 and a beta of 1.42. The company has a quick ratio of 1.22, a current ratio of 1.89 and a leverage ratio of 0.39. The company’s 50-day moving average is $75.94 and its 200-day moving average is $76.33.

DuPont de Nemours (NYSE:DD – Get Rating) last released its results on Tuesday, February 8. The basic materials company reported earnings per share (EPS) of $1.08 for the quarter, beating Thomson Reuters consensus estimate of $1.01 by $0.07. The company posted revenue of $4.30 billion in the quarter, against analyst estimates of $4.02 billion. DuPont de Nemours posted a net margin of 38.83% and a return on equity of 8.29%. The company’s quarterly revenue fell 17.8% from the same quarter last year. During the same period a year earlier, the company posted EPS of $0.95. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post earnings per share of 3.39 for the current fiscal year.

DuPont de Nemours said its board of directors launched a stock repurchase plan on Tuesday, Feb. 8 that authorizes the company to repurchase $1.00 billion of outstanding stock. This repurchase authorization allows the commodity company to repurchase up to 2.4% of its shares through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15. Investors of record on Monday, February 28 received a dividend of $0.33. The ex-dividend date was Friday, February 25. This is an increase from DuPont de Nemours’ previous quarterly dividend of $0.30. This represents a dividend of $1.32 on an annualized basis and a yield of 1.92%. DuPont de Nemours’ dividend payout ratio (DPR) is currently 12.07%.

A number of research analysts have weighed in on the stock recently. Citigroup lowered its price target on DuPont de Nemours shares from $98.00 to $96.00 and set a “buy” rating for the company in a Wednesday, Feb. 9 research report. KeyCorp cut its price target on DuPont de Nemours shares from $99.00 to $96.00 and set an “overweight” rating for the company in a Tuesday, April 5 report. Credit Suisse Group raised its price target on DuPont de Nemours shares from $95.00 to $100.00 and gave the company an “outperform” rating in a Wednesday, Feb. 9 report. Bank of America raised its price target on DuPont de Nemours shares from $93.00 to $94.00 and gave the company a “buy” rating in a Wednesday, Feb. 9 report. Finally, Barclays raised its price target on DuPont de Nemours shares from $84.00 to $88.00 and gave the stock an “equal weight” rating in a Wednesday, February 9 report. Four analysts gave the stock a hold rating and fourteen gave the stock a buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $94.82.

DuPont de Nemours Company Profile (Get an assessment)

DuPont de Nemours, Inc provides materials and technology solutions in the United States, Canada, Asia-Pacific, Latin America, Europe, the Middle East and Africa. It operates through three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment provides printing materials and systems to the advanced printing industry; and materials and solutions for semiconductor and integrated circuit manufacturing addressing the front-end and back-end of the manufacturing process.

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Institutional ownership by quarter for DuPont de Nemours (NYSE:DD)



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