Clifford Swan Investment Counsel LLC Reduces Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Clifford Swan Investment Counsel LLC lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 310,578 shares of the basic materials company’s stock after selling 1,502 shares during the quarter. DuPont de Nemours makes up approximately 0.9% of Clifford Swan Investment Counsel LLC’s holdings, making the stock its 29th biggest position. Clifford Swan Investment Counsel LLC owned about 0.07% of DuPont de Nemours worth $23,893,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DD. Stratos Wealth Partners LTD. increased its stake in shares of DuPont de Nemours by 25.3% in the third quarter. Stratos Wealth Partners LTD. now owns 10,113 shares of the basic materials company’s stock worth $754,000 after purchasing an additional 2,044 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of DuPont de Nemours by 0.3% in the third quarter. Brown Advisory Inc. now owns 347,416 shares of the basic materials company’s stock valued at $25,914,000 after acquiring an additional 957 shares in the last quarter. Cutler Investment Counsel LLC raised its stake in DuPont de Nemours by 0.3% during the 3rd quarter. Cutler Investment Counsel LLC now owns 110,944 shares of the basic materials company’s stock valued at $8,275,000 after purchasing an additional 382 shares during the period. Everhart Financial Group Inc. lifted its holdings in DuPont de Nemours by 8.4% in the 3rd quarter. Everhart Financial Group Inc. now owns 4,452 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 345 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in DuPont de Nemours by 12.8% in the 3rd quarter. Lindbrook Capital LLC now owns 2,845 shares of the basic materials company’s stock worth $212,000 after purchasing an additional 322 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.1 %

Shares of NYSE DD traded down $0.08 during midday trading on Friday, hitting $77.67. The company’s stock had a trading volume of 2,391,431 shares, compared to its average volume of 2,373,408. The business’s 50 day moving average is $73.93 and its two-hundred day moving average is $72.08. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $79.19. The company has a current ratio of 2.33, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The firm has a market cap of $32.47 billion, a P/E ratio of 94.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion for 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 business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.61 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced 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 Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a yield of 1.96%. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on DD shares. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Wolfe Research started coverage on DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Barclays raised their price target on DuPont de Nemours from $70.00 to $81.00 and gave the company an “equal weight” rating in a report on Thursday. BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. One equities 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 company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and an average price target of $80.00.

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.