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Intact Investment Management cut DuPont shares despite the company reporting stronger-than-expected earnings.
Intact Investment Management Inc. reduced its holdings of DuPont de Nemours (DD) by 2.9%, selling 1,970 shares and retaining 66,300 shares valued at $5,055,000.
DuPont reported a strong quarter with earnings per share of $1.13, surpassing expectations by $0.15.
The stock has a dividend yield of 2.13% and a market cap of $32.25 billion.
Analysts have a "Moderate Buy" rating on the stock with a target price of $99.17.
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Intact Investment Management redujo las acciones de DuPont a pesar de que la compañía reportó ganancias más fuertes de lo esperado.