Burney Co. Sells 523 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Burney Co. lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 8.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,831 shares of the basic materials company’s stock after selling 523 shares during the quarter. Burney Co.’s holdings in DuPont de Nemours were worth $447,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DD. Northwest Financial Advisors bought a new stake in DuPont de Nemours during the 4th quarter valued at $25,000. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours in the first quarter worth $25,000. ESL Trust Services LLC bought a new position in shares of DuPont de Nemours in the first quarter worth $26,000. LifeSteps Financial Inc. bought a new position in shares of DuPont de Nemours in the first quarter worth $28,000. Finally, Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the first quarter worth $33,000. Institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other 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 sale, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Leland Weaver sold 18,500 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael G. Goss sold 1,339 shares of the firm’s 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 completion of the sale, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

DuPont de Nemours Trading Down 4.3 %

DD stock traded down $3.54 during trading on Friday, reaching $79.12. The company had a trading volume of 3,219,226 shares, compared to its average volume of 2,108,516. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $85.12. The company has a market cap of $33.03 billion, a P/E ratio of 96.48, a PEG ratio of 2.54 and a beta of 1.34. The business has a 50 day moving average of $80.39 and a 200 day moving average of $75.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.61.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.69 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is 185.37%.

Wall Street Analysts Forecast Growth

DD has been the subject of several research reports. Mizuho upped their target price on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. UBS Group upped their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Barclays upped their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $91.58.

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.