DuPont de Nemours, Inc. $DD Shares Sold by Robeco Institutional Asset Management B.V.

by · The Markets Daily

Robeco Institutional Asset Management B.V. cut its holdings in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 553,891 shares of the basic materials company’s stock after selling 150,809 shares during the period. Robeco Institutional Asset Management B.V. owned 0.13% of DuPont de Nemours worth $43,148,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Obermeyer Wealth Partners boosted its position in shares of DuPont de Nemours by 73.6% in the second quarter. Obermeyer Wealth Partners now owns 25,159 shares of the basic materials company’s stock worth $1,726,000 after acquiring an additional 10,663 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in DuPont de Nemours by 3.4% during the second quarter. KLP Kapitalforvaltning AS now owns 157,376 shares of the basic materials company’s stock worth $10,794,000 after purchasing an additional 5,200 shares during the period. Prospera Financial Services Inc boosted its holdings in shares of DuPont de Nemours by 19.1% in the 2nd quarter. Prospera Financial Services Inc now owns 94,434 shares of the basic materials company’s stock valued at $6,477,000 after purchasing an additional 15,144 shares during the last quarter. Drummond Knight Asset Management Pty Ltd boosted its holdings in shares of DuPont de Nemours by 107.9% in the 2nd quarter. Drummond Knight Asset Management Pty Ltd now owns 704,489 shares of the basic materials company’s stock valued at $48,321,000 after purchasing an additional 365,619 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of DuPont de Nemours by 10.4% during the 2nd quarter. KBC Group NV now owns 81,254 shares of the basic materials company’s stock valued at $5,573,000 after buying an additional 7,684 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lori Koch sold 9,011 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $39.46, for a total value of $355,574.06. Following the completion of the transaction, the chief executive officer directly owned 288,326 shares in the company, valued at $11,377,343.96. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Erik T. Hoover sold 6,005 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.79, for a total value of $238,938.95. Following the completion of the sale, the senior vice president owned 112,101 shares of the company’s stock, valued at $4,460,498.79. This trade represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.61% of the company’s stock.

DuPont de Nemours Price Performance

NYSE DD opened at $43.23 on Thursday. The company has a 50-day moving average price of $39.85 and a two-hundred day moving average price of $34.51. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $43.69. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of -23.50, a price-to-earnings-growth ratio of 3.22 and a beta of 1.08. 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:DDGet Free Report) last issued its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter. DuPont de Nemours had a positive return on equity of 7.81% and a negative net margin of 6.17%.The business had revenue of $3.02 billion during the quarter. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours declared that its board has authorized a stock buyback plan on Thursday, November 6th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the basic materials company to buy up to 12.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, November 28th. DuPont de Nemours’s dividend payout ratio is currently -43.48%.

Wall Street Analyst Weigh In

DD has been the topic of several research reports. Royal Bank Of Canada cut their target price on DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 18th. Morgan Stanley lowered their price objective on shares of DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. BMO Capital Markets dropped their target price on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Mizuho upped their price target on shares of DuPont de Nemours from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Finally, Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 14th. 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. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.07.

Get Our Latest Report on DuPont de Nemours

DuPont de Nemours Profile

(Free Report)

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.

See Also

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