Sigma Planning Corp Cuts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Sigma Planning Corp decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 50.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,890 shares of the basic materials company’s stock after selling 6,065 shares during the quarter. Sigma Planning Corp’s holdings in DuPont de Nemours were worth $453,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DD. Peoples Bank KS acquired a new position in shares of DuPont de Nemours during the third quarter worth about $25,000. Carmel Capital Partners LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter worth $36,000. Grove Bank & Trust grew its stake in shares of DuPont de Nemours by 55.1% during the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 188 shares in the last quarter. AlphaMark Advisors LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at $41,000. Finally, Arlington Trust Co LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at $44,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $73.49 on Friday. The firm’s fifty day simple moving average is $73.13 and its 200-day simple moving average is $72.13. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74. The stock has a market capitalization of $30.72 billion, a price-to-earnings ratio of 79.02, a PEG 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 (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the firm posted $0.89 EPS. DuPont de Nemours’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours 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 directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DD. Mizuho lowered their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Barclays lowered their price target on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. Wolfe Research initiated coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Finally, Citigroup increased their target price on shares of 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.90.

DuPont de Nemours Company 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.