Janney Capital Management LLC Sells 5,044 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Janney Capital Management LLC trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,930 shares of the basic materials company’s stock after selling 5,044 shares during the period. Janney Capital Management LLC’s holdings in DuPont de Nemours were worth $11,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DD. Northwest Financial Advisors purchased a new stake in DuPont de Nemours during the fourth quarter valued at $25,000. LifeSteps Financial Inc. bought a new stake in shares of DuPont de Nemours in the 1st quarter worth about $28,000. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $33,000. Cassady Schiller Wealth Management LLC lifted its holdings in shares of DuPont de Nemours by 153.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 261 shares during the last quarter. Finally, Albion Financial Group UT grew its position in DuPont de Nemours by 81.8% in the first quarter. Albion Financial Group UT now owns 489 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 220 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 business’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 sale, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

DuPont de Nemours Trading Down 0.3 %

NYSE:DD traded down $0.20 during midday trading on Friday, hitting $78.99. The stock had a trading volume of 1,489,722 shares, compared to its average volume of 2,031,584. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $82.63. The company has a market capitalization of $33.03 billion, a price-to-earnings ratio of 96.33, a PEG ratio of 2.47 and a beta of 1.34. The stock has a 50-day moving average of $79.49 and a 200 day moving average of $74.82. 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:DD) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Mizuho raised their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. UBS Group lifted their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Barclays increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.09.

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.