DuPont de Nemours, Inc. (NYSE:DD) Holdings Reduced by Argyle Capital Management Inc.

Argyle Capital Management Inc. cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,139 shares of the basic materials company’s stock after selling 6,719 shares during the period. Argyle Capital Management Inc.’s holdings in DuPont de Nemours were worth $2,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. PGGM Investments increased its stake in DuPont de Nemours by 5.1% in the 4th quarter. PGGM Investments now owns 15,660 shares of the basic materials company’s stock worth $1,205,000 after purchasing an additional 753 shares in the last quarter. Bank OZK raised its holdings in shares of DuPont de Nemours by 9.0% during the fourth quarter. Bank OZK now owns 20,244 shares of the basic materials company’s stock valued at $1,557,000 after acquiring an additional 1,665 shares during the period. Russell Investments Group Ltd. lifted its position in shares of DuPont de Nemours by 12.7% in the 4th quarter. Russell Investments Group Ltd. now owns 900,919 shares of the basic materials company’s stock valued at $69,339,000 after acquiring an additional 101,685 shares in the last quarter. Callan Capital LLC acquired a new position in DuPont de Nemours in the 4th quarter worth approximately $293,000. Finally, Bryn Mawr Capital Management LLC lifted its holdings in shares of DuPont de Nemours by 21.3% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 74,539 shares of the basic materials company’s stock valued at $5,734,000 after purchasing an additional 13,088 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 0.3 %

DuPont de Nemours stock traded up $0.21 during midday trading on Friday, hitting $73.71. 2,144,799 shares of the stock were exchanged, compared to its average volume of 1,871,810. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $30.82 billion, a PE ratio of 79.26, a P/E/G ratio of 2.42 and a beta of 1.40. The company has a fifty day simple moving average of $73.23 and a two-hundred day simple moving average of $72.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.38 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.06%. DuPont de Nemours’s payout ratio is currently 163.44%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DD. Mizuho dropped their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their target price for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $77.90.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of 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 filing with the SEC, which is accessible through this link. 0.56% of the stock is owned by company insiders.

DuPont de Nemours 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.