DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Davis R M Inc.

Davis R M Inc. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 7,335 shares of the basic materials company’s stock after buying an additional 237 shares during the period. Davis R M Inc.’s holdings in DuPont de Nemours were worth $562,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwest Financial Advisors purchased a new stake in DuPont de Nemours during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours during the 1st quarter worth approximately $25,000. ESL Trust Services LLC purchased a new stake in DuPont de Nemours during the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. purchased a new stake in DuPont de Nemours during the 1st quarter worth approximately $28,000. Finally, Byrne Asset Management LLC purchased a new stake in DuPont de Nemours during the 1st quarter worth approximately $33,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following 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 link. In related news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the sale, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now 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. Corporate insiders own 0.56% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD stock traded up $0.14 during mid-day trading on Tuesday, hitting $80.46. 467,168 shares of the stock were exchanged, compared to its average volume of 2,779,332. The stock’s fifty day simple moving average is $80.11 and its two-hundred day simple moving average is $75.13. The stock has a market capitalization of $33.64 billion, a price-to-earnings ratio of 97.60, a P/E/G ratio of 2.48 and a beta of 1.34. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $82.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the company posted $0.84 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. On average, analysts forecast that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Analysts Set New Price Targets

Several research firms have commented on DD. Mizuho boosted their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Barclays upped their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Citigroup dropped their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

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.