DuPont de Nemours, Inc. (NYSE:DD) Holdings Lifted by Integrated Advisors Network LLC

Integrated Advisors Network LLC raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 24.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,486 shares of the basic materials company’s stock after purchasing an additional 874 shares during the quarter. Integrated Advisors Network LLC’s holdings in DuPont de Nemours were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DD. DekaBank Deutsche Girozentrale grew its stake in DuPont de Nemours by 7.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 74,611 shares of the basic materials company’s stock valued at $5,557,000 after purchasing an additional 5,102 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of DuPont de Nemours by 11.4% during the 3rd quarter. Rafferty Asset Management LLC now owns 34,195 shares of the basic materials company’s stock worth $2,551,000 after acquiring an additional 3,500 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth about $2,831,000. Envestnet Asset Management Inc. lifted its position in shares of DuPont de Nemours by 16.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 570,500 shares of the basic materials company’s stock worth $42,554,000 after purchasing an additional 81,983 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of DuPont de Nemours by 6.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 8,500 shares of the basic materials company’s stock worth $634,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the sale, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DD shares. Citigroup raised DuPont de Nemours from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $95.00 in a research report on Tuesday, May 28th. UBS Group boosted their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. Barclays boosted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Mizuho upped their price target on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.09.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $80.73 on Wednesday. The firm has a market capitalization of $33.75 billion, a P/E ratio of 98.45, a P/E/G ratio of 2.48 and a beta of 1.36. The stock has a fifty day moving average price of $77.88 and a two-hundred day moving average price of $74.06. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $82.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61.

DuPont de Nemours (NYSE:DD) last announced its 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. The business had revenue of $2.93 billion during 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% on a year-over-year basis. During the same quarter last year, the company posted $0.84 EPS. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.52 annualized dividend and a yield of 1.88%. DuPont de Nemours’s dividend payout ratio is 185.37%.

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.