Mather Group LLC. Sells 4,185 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mather Group LLC. decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 40.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,190 shares of the basic materials company’s stock after selling 4,185 shares during the quarter. Mather Group LLC.’s holdings in DuPont de Nemours were worth $476,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DD. Lido Advisors LLC boosted its stake in DuPont de Nemours by 10.4% in the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock valued at $1,270,000 after buying an additional 1,609 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $1,859,000. Premier Path Wealth Partners LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $1,031,000. abrdn plc grew its stake in shares of DuPont de Nemours by 30.9% during the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after buying an additional 95,505 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in DuPont de Nemours during the 4th quarter worth $797,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $79.88 on Friday. The firm has a market capitalization of $33.40 billion, a P/E ratio of 97.42, a P/E/G ratio of 2.52 and a beta of 1.36. The firm’s 50-day moving average price is $78.04 and its 200-day moving average price is $74.16. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $82.63.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during 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 firm’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, May 31st. DuPont de Nemours’s payout ratio is currently 185.37%.

Insider Activity at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction dated 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 sale, 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 SEC, which is available at this hyperlink. In other news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction on 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 owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DD shares. Wolfe Research assumed coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. increased their target price on shares of 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 raised their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. UBS Group upped their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Citigroup raised shares of DuPont de Nemours from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $95.00 in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, DuPont de Nemours presently has a consensus 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.