Duality Advisers LP Has $1.08 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Duality Advisers LP trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 58.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,090 shares of the basic materials company’s stock after selling 20,115 shares during the period. Duality Advisers LP’s holdings in DuPont de Nemours were worth $1,080,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Northwest Financial Advisors bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $25,000. LifeSteps Financial Inc. bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $28,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $33,000. Finally, Cassady Schiller Wealth Management LLC grew its stake in shares of DuPont de Nemours by 153.5% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 261 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday. Mizuho raised their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Barclays raised their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.00.

Insider Buying and Selling at DuPont de Nemours

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

DuPont de Nemours Stock Performance

DD stock traded up $0.33 during midday trading on Friday, reaching $81.04. 1,141,059 shares of the company were exchanged, compared to its average volume of 2,840,276. The business has a 50-day moving average price of $79.80 and a two-hundred day moving average price of $74.96. The firm has a market capitalization of $33.88 billion, a price-to-earnings ratio of 98.83, a price-to-earnings-growth ratio of 2.48 and a beta of 1.34. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $82.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 earnings per share. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.88%. DuPont de Nemours’s payout ratio is presently 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.