Confluence Wealth Services Inc. Sells 1,065 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Confluence Wealth Services Inc. reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 9.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,829 shares of the basic materials company’s stock after selling 1,065 shares during the quarter. Confluence Wealth Services Inc.’s holdings in DuPont de Nemours were worth $830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. City State Bank boosted its position in shares of DuPont de Nemours by 3.9% in the fourth quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock worth $271,000 after purchasing an additional 132 shares during the period. Triangle Securities Wealth Management lifted its holdings in shares of DuPont de Nemours by 0.7% in the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock worth $1,456,000 after buying an additional 134 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of DuPont de Nemours by 5.3% in the third quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock worth $209,000 after buying an additional 142 shares in the last quarter. Personal CFO Solutions LLC lifted its holdings in shares of DuPont de Nemours by 2.4% in the third quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock worth $461,000 after buying an additional 147 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in shares of DuPont de Nemours by 0.4% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 36,787 shares of the basic materials company’s stock worth $2,744,000 after buying an additional 160 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Down 1.9 %

DD stock traded down $1.40 during trading on Tuesday, hitting $72.50. The company had a trading volume of 3,329,374 shares, compared to its average volume of 2,999,161. The firm has a market capitalization of $30.31 billion, a P/E ratio of 77.96, a PEG ratio of 2.42 and a beta of 1.40. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $78.74. The company has a 50 day simple moving average of $73.43 and a 200-day simple moving average of $72.02. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32.

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

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio is presently 163.44%.

Analysts Set New Price Targets

Several research firms have recently commented on DD. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Barclays lowered their price objective on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their target price for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and a consensus price target of $77.90.

Insider Buying and Selling

In other DuPont de Nemours 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 transaction, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.