Fort Washington Investment Advisors Inc. OH Trims Holdings in DuPont de Nemours, Inc. $DD

Fort Washington Investment Advisors Inc. OH decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 63.2% in the third quarter, HoldingsChannel reports. The firm owned 623,669 shares of the basic materials company’s stock after selling 1,073,329 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in DuPont de Nemours were worth $48,584,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of DuPont de Nemours by 1.6% during the second quarter. Vanguard Group Inc. now owns 47,664,223 shares of the basic materials company’s stock valued at $3,269,289,000 after buying an additional 769,600 shares during the period. State Street Corp boosted its holdings in DuPont de Nemours by 4.8% in the second quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock valued at $1,259,585,000 after acquiring an additional 842,852 shares in the last quarter. Geode Capital Management LLC increased its position in DuPont de Nemours by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 10,782,760 shares of the basic materials company’s stock valued at $736,487,000 after purchasing an additional 496,691 shares during the period. Norges Bank bought a new position in DuPont de Nemours in the 2nd quarter worth $313,306,000. Finally, Boston Partners lifted its position in shares of DuPont de Nemours by 36.6% in the 2nd quarter. Boston Partners now owns 3,483,001 shares of the basic materials company’s stock worth $238,924,000 after purchasing an additional 932,575 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DD opened at $40.86 on Tuesday. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.30. The stock has a market cap of $17.12 billion, a P/E ratio of -22.21, a P/E/G ratio of 2.37 and a beta of 1.09. The business’s 50 day moving average price is $38.79 and its 200-day moving average price is $33.89. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $41.85.

DuPont de Nemours (NYSE:DD) last announced 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. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours announced that its board has approved a stock repurchase plan on Thursday, November 6th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the basic materials company to purchase up to 12.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were paid a $0.20 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. DuPont de Nemours’s payout ratio is presently -43.48%.

Insider Activity

In related news, CEO Lori Koch sold 9,011 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.46, for a total transaction of $355,574.06. Following the sale, the chief executive officer directly owned 288,326 shares of the company’s stock, valued at approximately $11,377,343.96. This represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Erik T. Hoover sold 6,005 shares of DuPont de Nemours stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $39.79, for a total transaction of $238,938.95. Following the completion of the transaction, the senior vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of several research analyst reports. Citigroup boosted their price target on shares of DuPont de Nemours from $38.90 to $47.00 and gave the company a “buy” rating in a research report on Friday, November 7th. KeyCorp cut their price objective on DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on DuPont de Nemours from $90.00 to $46.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Finally, Mizuho upped their price target on DuPont de Nemours from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.69.

About DuPont de Nemours

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.