Commerce Bank Sells 1,589 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Commerce Bank lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,020 shares of the basic materials company’s stock after selling 1,589 shares during the period. Commerce Bank’s holdings in DuPont de Nemours were worth $4,848,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its stake in DuPont de Nemours by 10.4% during the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after purchasing an additional 1,609 shares during the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $1,859,000. Premier Path Wealth Partners LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $1,031,000. abrdn plc lifted its stake in shares of DuPont de Nemours by 30.9% in the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after acquiring an additional 95,505 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $2,000,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Mizuho boosted their target price on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. 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 research report on Thursday. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $103.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.50.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the company’s 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 sale, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Michael G. Goss sold 2,354 shares of the company’s 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 sale, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael G. Goss sold 1,339 shares of the company’s 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 completion of the transaction, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders have sold 22,193 shares of company stock worth $1,726,655 in the last 90 days. Insiders own 0.56% of the company’s stock.

DuPont de Nemours Stock Up 2.8 %

DD stock opened at $81.12 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $81.29. The business’s 50 day moving average price is $76.32 and its two-hundred day moving average price is $72.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The company has a market capitalization of $33.92 billion, a price-to-earnings ratio of 98.93, a price-to-earnings-growth ratio of 2.34 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the business earned $0.84 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, analysts forecast that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

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 paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. DuPont de Nemours’s payout ratio is currently 185.37%.

About DuPont de Nemours

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.