SouthState Corp Has $300,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

SouthState Corp reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,897 shares of the basic materials company’s stock after selling 226 shares during the period. SouthState Corp’s holdings in DuPont de Nemours were worth $300,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Peoples Bank KS acquired a new position in DuPont de Nemours during the 3rd quarter worth about $25,000. Carmel Capital Partners LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter worth approximately $36,000. AlphaMark Advisors LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth about $41,000. Grove Bank & Trust increased its holdings in DuPont de Nemours by 55.1% in the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 188 shares in the last quarter. Finally, Arlington Trust Co LLC bought a new position in DuPont de Nemours during the fourth quarter worth $44,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wolfe Research assumed coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Finally, Citigroup boosted their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.00.

DuPont de Nemours Trading Down 0.1 %

DD stock traded down $0.08 during midday trading on Friday, hitting $77.67. The company had a trading volume of 2,391,431 shares, compared to its average volume of 2,373,408. The stock has a market cap of $32.47 billion, a price-to-earnings ratio of 94.77, a PEG ratio of 2.48 and a beta of 1.39. The company has a current ratio of 2.33, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $73.93 and its 200 day moving average price is $72.12. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $79.19.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 earnings per share. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.59 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.38 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 1.96%. DuPont de Nemours’s payout ratio is 185.37%.

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.