Farmers & Merchants Investments Inc. Cuts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Farmers & Merchants Investments Inc. reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 20.9% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,218 shares of the basic materials company’s stock after selling 322 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in DuPont de Nemours were worth $93,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. City State Bank raised its stake in DuPont de Nemours by 3.9% in the 4th quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 132 shares during the period. Triangle Securities Wealth Management increased its position in shares of DuPont de Nemours by 0.7% during the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock valued at $1,456,000 after buying an additional 134 shares during the period. Laurel Wealth Advisors LLC increased its position in shares of DuPont de Nemours by 5.3% during the third quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock valued at $209,000 after buying an additional 142 shares during the period. Personal CFO Solutions LLC increased its position in shares of DuPont de Nemours by 2.5% during the fourth quarter. Personal CFO Solutions LLC now owns 6,327 shares of the basic materials company’s stock valued at $487,000 after buying an additional 153 shares during the period. Finally, Thoroughbred Financial Services LLC increased its position in shares of DuPont de Nemours by 2.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company’s stock valued at $461,000 after buying an additional 162 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 0.4 %

Shares of NYSE:DD traded down $0.28 during trading on Tuesday, reaching $78.99. 490,818 shares of the company traded hands, compared to its average volume of 2,903,014. The business’s fifty day moving average is $79.05 and its 200-day moving average is $74.67. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $82.63. The firm has a market capitalization of $33.03 billion, a price-to-earnings ratio of 96.66, a P/E/G ratio of 2.51 and a beta of 1.34. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. As a group, analysts forecast that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Mizuho upped 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 report on Thursday, May 23rd. UBS Group upped their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Citigroup upgraded shares of DuPont de Nemours from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $95.00 in a research report on Tuesday, May 28th. Finally, Barclays upped their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $91.09.

Insider Activity

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

About DuPont de Nemours

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.