DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,405 shares of the basic materials company’s stock after selling 463 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in DuPont de Nemours were worth $2,798,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours during the second quarter worth about $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at $28,000. Quarry LP purchased a new stake in shares of DuPont de Nemours during the 2nd quarter worth $37,000. Ashton Thomas Securities LLC acquired a new position in shares of DuPont de Nemours during the third quarter worth $38,000. Finally, FSA Wealth Management LLC purchased a new position in DuPont de Nemours in the third quarter valued at $39,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent analyst reports. Barclays increased their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Price Performance

Shares of DD stock traded down $1.01 during mid-day trading on Friday, hitting $80.55. 227,680 shares of the stock traded hands, compared to its average volume of 2,440,406. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The company’s 50-day simple moving average is $83.84 and its 200-day simple moving average is $82.12. The firm has a market cap of $33.67 billion, a price-to-earnings ratio of 42.93, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the company earned $0.92 earnings per share. DuPont de Nemours’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 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.