Griffin Asset Management Inc. Sells 36,174 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Griffin Asset Management Inc. cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 91.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,591 shares of the basic materials company’s stock after selling 36,174 shares during the quarter. Griffin Asset Management Inc.’s holdings in DuPont de Nemours were worth $275,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after purchasing an additional 3,168,740 shares in the last quarter. Norges Bank bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $111,980,000. Great Lakes Advisors LLC grew its holdings in shares of DuPont de Nemours by 156.6% during the fourth 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 last quarter. Nuance Investments LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $24,785,000. Finally, International Assets Investment Management LLC increased its position in shares of DuPont de Nemours by 9,558.5% during the fourth quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock valued at $21,934,000 after acquiring an additional 282,166 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction dated 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 transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

DuPont de Nemours Trading Up 0.6 %

Shares of DD stock opened at $80.49 on Friday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $82.63. The firm has a fifty day moving average price of $78.95 and a 200-day moving average price of $74.61. The company has a market cap of $33.65 billion, a price-to-earnings ratio of 98.16, a PEG ratio of 2.51 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61.

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 the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the firm posted $0.84 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and increased their target price for the company from $78.00 to $101.00 in a research note on Friday, May 17th. JPMorgan Chase & Co. increased their price objective 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. Mizuho boosted their target price on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Barclays raised their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Finally, Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $80.00 to $103.00 in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $91.09.

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.