NTV Asset Management LLC Sells 640 Shares of DuPont de Nemours, Inc. (NYSE:DD)

NTV Asset Management LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,606 shares of the basic materials company’s stock after selling 640 shares during the period. NTV Asset Management LLC’s holdings in DuPont de Nemours were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Peoples Bank KS bought a new position in DuPont de Nemours in the third quarter worth about $25,000. Carmel Capital Partners LLC acquired a new stake in DuPont de Nemours in the third quarter valued at approximately $36,000. AlphaMark Advisors LLC purchased a new position in DuPont de Nemours in the fourth quarter worth $41,000. Grove Bank & Trust increased its position in shares of DuPont de Nemours by 55.1% during the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 188 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DD shares. Royal Bank of Canada raised their target price on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their target price for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. Citigroup raised their price target on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $80.00.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is owned by insiders.

DuPont de Nemours Trading Down 0.1 %

DD traded down $0.08 during mid-day trading on Friday, hitting $77.67. 2,391,431 shares of the stock were exchanged, compared to its average volume of 2,373,408. The firm’s fifty day moving average is $73.93 and its two-hundred day moving average is $72.08. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $79.19. The company has a market cap of $32.47 billion, a PE ratio of 94.72, a PEG ratio of 2.48 and a beta of 1.39. The company has a current ratio of 2.33, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

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.