SageView Advisory Group LLC Makes New $352,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

SageView Advisory Group LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,573 shares of the basic materials company’s stock, valued at approximately $352,000.

Several other hedge funds have also recently made changes to their positions in DD. Tucker Asset Management LLC grew its position in DuPont de Nemours by 7.9% during the fourth quarter. Tucker Asset Management LLC now owns 3,682 shares of the basic materials company’s stock valued at $283,000 after buying an additional 270 shares during the period. Fortis Group Advisors LLC grew its position in shares of DuPont de Nemours by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 636 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 318 shares during the period. Northwest Bank & Trust Co purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at about $678,000. Creekmur Asset Management LLC acquired a new position in DuPont de Nemours in the 4th quarter worth about $46,000. Finally, EP Wealth Advisors LLC boosted its position in DuPont de Nemours by 17.1% during the fourth quarter. EP Wealth Advisors LLC now owns 9,215 shares of the basic materials company’s stock worth $709,000 after purchasing an additional 1,349 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Mizuho lifted their target price on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and raised their price target for the company from $78.00 to $101.00 in a research note on Friday, May 17th. One investment 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 MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus price target of $91.09.

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was 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 directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the transaction, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

DuPont de Nemours Trading Up 0.4 %

Shares of DuPont de Nemours stock opened at $80.72 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The stock’s 50 day simple moving average is $77.95 and its 200-day simple moving average is $74.11. The stock has a market cap of $33.75 billion, a P/E ratio of 98.44, a P/E/G ratio of 2.51 and a beta of 1.36. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $82.63.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data 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. 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 the consensus estimate of $2.81 billion. During the same quarter last year, the business posted $0.84 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. Analysts predict that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

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