DuPont de Nemours, Inc. (NYSE:DD) Holdings Lowered by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,913 shares of the basic materials company’s stock after selling 2,397 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in DuPont de Nemours were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DD. Moneta Group Investment Advisors LLC raised its position in shares of DuPont de Nemours by 114,597.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after buying an additional 11,960,552 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of DuPont de Nemours by 19.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after buying an additional 1,261,028 shares in the last quarter. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth about $65,712,000. Barclays PLC raised its position in shares of DuPont de Nemours by 162.4% during the 2nd quarter. Barclays PLC now owns 1,293,781 shares of the basic materials company’s stock worth $92,427,000 after buying an additional 800,685 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after buying an additional 639,246 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $73.89 on Friday. The firm’s 50 day simple moving average is $72.65 and its 200-day simple moving average is $72.12. The company has a market cap of $30.89 billion, a P/E ratio of 79.45, a price-to-earnings-growth ratio of 2.45 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 fifty-two week low of $61.14 and a fifty-two week high of $78.74.

DuPont de Nemours (NYSE:DDGet Free Report) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share 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 business 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 earnings per share. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s payout ratio is presently 163.44%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Bank of America downgraded shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their target price for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. BMO Capital Markets downgraded shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $80.00 to $72.00 in a report on Wednesday, January 24th. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. One equities research 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, the stock currently has an average rating of “Hold” and a consensus target price of $77.90.

Get Our Latest Stock Report on DD

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by insiders.

DuPont de Nemours Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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