Rock Creek Group LP Decreases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Rock Creek Group LP lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 57.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 770 shares of the basic materials company’s stock after selling 1,057 shares during the quarter. Rock Creek Group LP’s holdings in DuPont de Nemours were worth $60,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Mitchell Capital Management Co. lifted its position in shares of DuPont de Nemours by 9.9% during the 2nd quarter. Mitchell Capital Management Co. now owns 27,754 shares of the basic materials company’s stock worth $2,148,000 after buying an additional 2,489 shares during the last quarter. Avantax Planning Partners Inc. purchased a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $479,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of DuPont de Nemours by 2.7% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 106,181 shares of the basic materials company’s stock valued at $8,219,000 after acquiring an additional 2,818 shares during the period. Connors Investor Services Inc. acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at $12,802,000. Finally, Ethic Inc. increased its holdings in shares of DuPont de Nemours by 35.5% in the 2nd quarter. Ethic Inc. now owns 25,808 shares of the basic materials company’s stock valued at $1,998,000 after acquiring an additional 6,767 shares during the period. Institutional investors and hedge funds own 70.55% of the company’s stock.

DD has been the topic of a number of recent research reports. Citigroup lifted their target price on shares of DuPont de Nemours from $96.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, August 4th. Argus lifted their target price on shares of DuPont de Nemours from $81.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, May 20th. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Tuesday, July 13th. Morgan Stanley assumed coverage on shares of DuPont de Nemours in a research note on Wednesday, May 26th. They issued an “equal weight” rating and a $98.00 price objective on the stock. Finally, Zacks Investment Research cut shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating and set a $83.00 price objective on the stock. in a research note on Thursday, July 15th. Thirteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $87.71.

In related news, Director Luther C. Iv Kissam acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 5th. The stock was bought at an average price of $75.94 per share, with a total value of $379,700.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Rose Lee sold 26,448 shares of the company’s stock in a transaction dated Tuesday, August 24th. The shares were sold at an average price of $74.37, for a total transaction of $1,966,937.76. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

DuPont de Nemours stock opened at $68.47 on Wednesday. DuPont de Nemours, Inc. has a 52 week low of $53.49 and a 52 week high of $87.27. The company has a quick ratio of 1.99, a current ratio of 2.66 and a debt-to-equity ratio of 0.39. The firm’s 50-day simple moving average is $74.71 and its 200 day simple moving average is $77.52. The firm has a market capitalization of $35.81 billion, a PE ratio of 6.85, a P/E/G ratio of 1.54 and a beta of 1.50.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, August 3rd. The basic materials company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.94 by $0.12. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.99 billion. DuPont de Nemours had a net margin of 32.59% and a return on equity of 7.42%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 EPS. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.14 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Shareholders of record on Friday, July 30th will be issued a $0.30 dividend. The ex-dividend date is Thursday, July 29th. This represents a $1.20 dividend on an annualized basis and a yield of 1.75%. DuPont de Nemours’s dividend payout ratio (DPR) is 35.71%.

About DuPont de Nemours

DuPont de Nemours, Inc operates as a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Imaging, Nutrition & Biosciences, Transportation & Industrial, Safety & Construction, and Non-Core.

Read More: Quiet Period

Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DD).

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

Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.