Ruffer LLP Sells 18,000 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ruffer LLP lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 45.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,000 shares of the basic materials company’s stock after selling 18,000 shares during the quarter. Ruffer LLP’s holdings in DuPont de Nemours were worth $1,693,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. NBC Securities Inc. purchased a new position in DuPont de Nemours during the 3rd quarter valued at about $424,000. Lincoln National Corp increased its stake in shares of DuPont de Nemours by 7.5% during the third quarter. Lincoln National Corp now owns 9,410 shares of the basic materials company’s stock valued at $702,000 after buying an additional 655 shares during the period. Victory Capital Management Inc. increased its stake in shares of DuPont de Nemours by 1.0% during the third quarter. Victory Capital Management Inc. now owns 203,389 shares of the basic materials company’s stock valued at $15,171,000 after buying an additional 1,965 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of DuPont de Nemours by 5.2% during the third quarter. Assenagon Asset Management S.A. now owns 39,378 shares of the basic materials company’s stock valued at $2,937,000 after buying an additional 1,936 shares during the period. Finally, Wealthspire Advisors LLC increased its stake in shares of DuPont de Nemours by 38.3% during the third quarter. Wealthspire Advisors LLC now owns 4,401 shares of the basic materials company’s stock valued at $328,000 after buying an additional 1,219 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares in the company, valued at approximately $1,918,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the sale, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. In the last three months, insiders sold 22,193 shares of company stock valued at $1,726,655. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DD shares. Mizuho upped their price target on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price target for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Wolfe Research started coverage on DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Royal Bank of Canada upped their price target on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.09.

Check Out Our Latest Stock Report on DuPont de Nemours

DuPont de Nemours Price Performance

NYSE DD traded down $0.03 during trading on Thursday, hitting $81.24. 467,856 shares of the stock traded hands, compared to its average volume of 3,001,212. The company has a market capitalization of $33.97 billion, a P/E ratio of 99.09, a price-to-earnings-growth ratio of 2.56 and a beta of 1.39. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $82.63. The firm has a 50-day simple moving average of $76.78 and a 200-day simple moving average of $73.17. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DDGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. As a group, analysts predict that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

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.

Further Reading

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

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