Signaturefd LLC Trims Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Signaturefd LLC reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,217 shares of the basic materials company’s stock after selling 316 shares during the quarter. Signaturefd LLC’s holdings in DuPont de Nemours were worth $478,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DD. Peoples Bank KS purchased a new position in shares of DuPont de Nemours during the 3rd quarter valued at approximately $25,000. Carmel Capital Partners LLC purchased a new position in shares of DuPont de Nemours during the 3rd quarter valued at approximately $36,000. AlphaMark Advisors LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $41,000. Grove Bank & Trust raised its position 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 in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $44,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DD shares. Mizuho dropped their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. 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. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Wells Fargo & Company upped their price target on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, Citigroup upped their price target on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $73.96 on Thursday. The firm has a market capitalization of $30.92 billion, a PE ratio of 79.53, a P/E/G ratio of 2.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $78.74. The business’s fifty day moving average price is $73.03 and its two-hundred day moving average price is $72.12.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.89 earnings per share. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 163.44%.

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.