Sumitomo Mitsui Trust Holdings Inc. Has $79.12 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,031,990 shares of the basic materials company’s stock after selling 53,454 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.25% of DuPont de Nemours worth $79,123,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Iams Wealth Management LLC grew its position in DuPont de Nemours by 6.2% during the 1st quarter. Iams Wealth Management LLC now owns 22,236 shares of the basic materials company’s stock worth $1,705,000 after acquiring an additional 1,295 shares during the last quarter. Diversified Trust Co grew its holdings in shares of DuPont de Nemours by 2.9% during the first quarter. Diversified Trust Co now owns 5,892 shares of the basic materials company’s stock worth $452,000 after purchasing an additional 168 shares during the last quarter. Roberts Wealth Advisors LLC increased its stake in shares of DuPont de Nemours by 3.3% in the first quarter. Roberts Wealth Advisors LLC now owns 36,478 shares of the basic materials company’s stock valued at $2,679,000 after buying an additional 1,180 shares in the last quarter. Coston McIsaac & Partners raised its holdings in shares of DuPont de Nemours by 3.5% in the first quarter. Coston McIsaac & Partners now owns 68,059 shares of the basic materials company’s stock valued at $5,217,000 after buying an additional 2,295 shares during the last quarter. Finally, Grimes & Company Inc. raised its holdings in shares of DuPont de Nemours by 8.1% in the first quarter. Grimes & Company Inc. now owns 3,047 shares of the basic materials company’s stock valued at $234,000 after buying an additional 229 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DD shares. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $101.00 in a report on Friday, May 17th. Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and increased their price objective for the company from $85.00 to $95.00 in a research report on Tuesday, May 28th. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. Finally, Mizuho raised their price target on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. One equities research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.09.

DuPont de Nemours Price Performance

NYSE:DD opened at $79.19 on Friday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $82.63. The firm has a market capitalization of $33.11 billion, a price-to-earnings ratio of 96.57, a P/E/G ratio of 2.48 and a beta of 1.34. The stock’s 50 day moving average price is $79.38 and its two-hundred day moving average price is $74.78. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last posted 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. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the firm earned $0.84 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. On average, analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the transaction, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

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.