Cambridge Trust Co. Decreases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Cambridge Trust Co. cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 29.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,705 shares of the basic materials company’s stock after selling 1,925 shares during the quarter. Cambridge Trust Co.’s holdings in DuPont de Nemours were worth $361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Vanguard Group Inc. boosted its position in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after buying an additional 3,168,740 shares during the last quarter. Norges Bank acquired a new position in DuPont de Nemours during the fourth quarter valued at $111,980,000. Jacobs Levy Equity Management Inc. grew its position in DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after purchasing an additional 1,139,156 shares during the period. Great Lakes Advisors LLC lifted its holdings in shares of DuPont de Nemours by 156.6% in the 4th quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock valued at $56,772,000 after buying an additional 450,422 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after buying an additional 391,400 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD stock traded down $3.54 during mid-day trading on Friday, hitting $79.12. 3,219,226 shares of the stock were exchanged, compared to its average volume of 2,108,516. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 2.21. The stock has a market capitalization of $33.03 billion, a price-to-earnings ratio of 96.49, a P/E/G ratio of 2.54 and a beta of 1.34. The stock’s fifty day simple moving average is $80.39 and its two-hundred day simple moving average is $75.43.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data 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 return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts forecast that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Mizuho raised their price objective 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. JPMorgan Chase & Co. raised their target price 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. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and upped their price target for the stock from $78.00 to $101.00 in a report on Friday, May 17th. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $103.00 in a report on Friday, May 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.58.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction dated 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 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 at 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 on 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction dated 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 completion of the transaction, the insider now owns 24,476 shares of the company’s stock, 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 insiders.

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.