TD Asset Management Inc lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,804 shares of the basic materials company’s stock after purchasing an additional 26,343 shares during the quarter. TD Asset Management Inc’s holdings in DuPont de Nemours were worth $14,371,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Northwest Financial Advisors bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $25,000. Cassady Schiller Wealth Management LLC boosted its holdings in DuPont de Nemours by 153.5% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 261 shares in the last quarter. Grove Bank & Trust boosted 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 acquiring an additional 188 shares in the last quarter. AlphaMark Advisors LLC bought a new stake in DuPont de Nemours in the fourth quarter worth $41,000. Finally, Arlington Trust Co LLC bought a new stake in DuPont de Nemours in the fourth quarter worth $44,000. 73.96% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Wolfe Research began coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. UBS Group boosted their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. Finally, TheStreet cut DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.09.
DuPont de Nemours Stock Down 1.9 %
DuPont de Nemours stock opened at $80.63 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The stock has a fifty day moving average of $77.14 and a 200 day moving average of $73.43. The stock has a market cap of $33.71 billion, a PE ratio of 98.33, a price-to-earnings-growth ratio of 2.56 and a beta of 1.36. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $82.63.
DuPont de Nemours (NYSE:DD – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.
DuPont de Nemours Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s payout ratio is 185.37%.
Insiders Place Their Bets
In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was 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 in the company, valued at $1,918,918.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. Insiders sold a total of 22,193 shares of company stock worth $1,726,655 over the last quarter. 0.56% of the stock is currently owned by corporate insiders.
About DuPont de Nemours
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.