Calamos Advisors LLC Sells 2,139 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Calamos Advisors LLC decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 163,798 shares of the basic materials company’s stock after selling 2,139 shares during the quarter. Calamos Advisors LLC’s holdings in DuPont de Nemours were worth $12,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DD. Fairfield Bush & CO. bought a new stake in DuPont de Nemours during the 1st quarter valued at approximately $50,000. United Bank lifted its position in shares of DuPont de Nemours by 7.6% in the 1st quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after acquiring an additional 810 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $195,000. Blair William & Co. IL lifted its position in shares of DuPont de Nemours by 0.9% in the 1st quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after acquiring an additional 866 shares during the period. Finally, Prudential PLC bought a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $821,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the subject of a number of research reports. Mizuho reduced their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Wells Fargo & Company raised their price objective on DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Wolfe Research initiated coverage on DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Royal Bank of Canada raised their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Finally, TheStreet cut DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $77.90.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

DuPont de Nemours Trading Up 0.5 %

DD stock opened at $73.89 on Friday. The business has a fifty day moving average price of $72.65 and a 200 day moving average price of $72.13. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74. The stock has a market capitalization of $30.89 billion, a price-to-earnings ratio of 79.45, a P/E/G ratio of 2.44 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the firm posted $0.89 EPS. The business’s revenue was down 6.6% on a year-over-year basis. Analysts expect that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 163.44%.

DuPont de Nemours 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.