Janney Montgomery Scott LLC Reduces Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Janney Montgomery Scott LLC reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 9.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 103,359 shares of the basic materials company's stock after selling 10,270 shares during the quarter. Janney Montgomery Scott LLC's holdings in DuPont de Nemours were worth $7,925,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Northwest Financial Advisors purchased a new position in DuPont de Nemours during the fourth quarter valued at $25,000. LifeSteps Financial Inc. purchased a new position in DuPont de Nemours during the first quarter valued at $28,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the first quarter valued at $33,000. Cassady Schiller Wealth Management LLC raised its stake in DuPont de Nemours by 153.5% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company's stock valued at $33,000 after buying an additional 261 shares during the last quarter. Finally, Albion Financial Group UT raised its stake in DuPont de Nemours by 81.8% during the first quarter. Albion Financial Group UT now owns 489 shares of the basic materials company's stock valued at $37,000 after buying an additional 220 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the company'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 transaction, the insider now owns 14,012 shares of the company's stock, valued at $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Leland Weaver sold 18,500 shares of the company'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 transaction, the insider now owns 24,476 shares of the company's stock, valued at $1,918,918.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now directly owns 14,012 shares of the company's stock, valued at $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on DD. Jefferies Financial Group upgraded DuPont de Nemours from a "hold" rating to a "buy" rating and boosted their price target for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Mizuho boosted 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. JPMorgan Chase & Co. boosted their price target on DuPont de Nemours from $85.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. BMO Capital Markets upgraded DuPont de Nemours from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. Finally, Citigroup upgraded DuPont de Nemours from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $85.00 to $95.00 in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $91.09.

DuPont de Nemours Stock Performance

NYSE:DD traded down $0.93 during mid-day trading on Tuesday, hitting $78.54. 1,162,702 shares of the company traded hands, compared to its average volume of 2,861,912. The stock's fifty day moving average price is $79.72 and its 200-day moving average price is $74.89. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $82.63. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The firm has a market cap of $32.84 billion, a price-to-earnings ratio of 95.78, a price-to-earnings-growth ratio of 2.46 and a beta of 1.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results 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. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. DuPont de Nemours's revenue for the quarter was down 2.9% on a year-over-year basis. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.94%. The ex-dividend date is Friday, August 30th. DuPont de Nemours's dividend payout ratio is presently 185.37%.

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.