Callan Capital LLC Acquires New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Callan Capital LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,807 shares of the basic materials company’s stock, valued at approximately $293,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. AE Wealth Management LLC boosted its position in shares of DuPont de Nemours by 12.2% during the 3rd quarter. AE Wealth Management LLC now owns 22,459 shares of the basic materials company’s stock worth $1,675,000 after purchasing an additional 2,435 shares in the last quarter. Impact Partnership Wealth LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter worth $50,000. DAVENPORT & Co LLC boosted its position in shares of DuPont de Nemours by 3.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 10,588 shares of the basic materials company’s stock worth $790,000 after purchasing an additional 338 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of DuPont de Nemours by 3,270.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,528 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 2,453 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of DuPont de Nemours by 51.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,811 shares of the basic materials company’s stock worth $210,000 after purchasing an additional 959 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DD shares. Mizuho cut their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Wells Fargo & Company lifted their price target on DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Wolfe Research started coverage on 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 target on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada lifted their price target on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Trading Up 0.3 %

Shares of DD stock traded up $0.21 during trading hours on Friday, hitting $73.71. 2,144,784 shares of the company were exchanged, compared to its average volume of 3,002,583. The firm has a market cap of $30.82 billion, a PE ratio of 79.26, a PEG ratio of 2.42 and a beta of 1.40. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $78.74. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average of $73.23 and a 200 day moving average of $72.12.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. Analysts expect that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

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.