DuPont de Nemours, Inc. $DD Stock Holdings Lessened by Shelton Capital Management

Shelton Capital Management cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 89.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,316 shares of the basic materials company’s stock after selling 34,989 shares during the period. Shelton Capital Management’s holdings in DuPont de Nemours were worth $296,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of DuPont de Nemours by 19.6% during the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock worth $382,000 after purchasing an additional 822 shares during the period. Harbour Investments Inc. boosted its position in DuPont de Nemours by 17.4% during the 1st quarter. Harbour Investments Inc. now owns 5,817 shares of the basic materials company’s stock valued at $434,000 after purchasing an additional 864 shares during the period. Manchester Capital Management LLC grew its stake in DuPont de Nemours by 74.9% during the 1st quarter. Manchester Capital Management LLC now owns 906 shares of the basic materials company’s stock worth $68,000 after buying an additional 388 shares during the last quarter. Commonwealth Equity Services LLC increased its position in DuPont de Nemours by 1.1% in the first quarter. Commonwealth Equity Services LLC now owns 246,196 shares of the basic materials company’s stock worth $18,386,000 after buying an additional 2,622 shares during the period. Finally, Empower Advisory Group LLC increased its position in DuPont de Nemours by 3.3% in the first quarter. Empower Advisory Group LLC now owns 1,009,520 shares of the basic materials company’s stock worth $75,391,000 after buying an additional 31,943 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other news, CEO Lori Koch sold 9,011 shares of the company’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the sale, the chief executive officer owned 288,326 shares in the company, valued at $11,377,343.96. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Erik T. Hoover sold 6,005 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.79, for a total value of $238,938.95. Following the transaction, the senior vice president directly owned 112,101 shares of the company’s stock, valued at $4,460,498.79. This represents a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 192,373 shares of company stock valued at $6,309,370. 0.61% of the stock is owned by corporate insiders.

DuPont de Nemours Stock Down 0.9%

DuPont de Nemours stock opened at $39.54 on Wednesday. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $41.23. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of -21.49, a PEG ratio of 2.29 and a beta of 1.10. The company’s 50-day moving average price is $35.69 and its two-hundred day moving average price is $32.26. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.29 earnings per share for the quarter. The company had revenue of $3.02 billion during the quarter. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. On average, analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours announced that its Board of Directors has authorized a share buyback plan on Thursday, November 6th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to repurchase up to 12.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

DuPont de Nemours Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, November 28th. DuPont de Nemours’s dividend payout ratio is -43.48%.

Analyst Ratings Changes

DD has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. UBS Group lifted their price objective on shares of DuPont de Nemours to $44.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Citigroup boosted their target price on shares of DuPont de Nemours from $38.90 to $47.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday. Finally, BMO Capital Markets cut their price target on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.88.

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.