Park Avenue Securities LLC Has $1.16 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Park Avenue Securities LLC lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,158 shares of the basic materials company’s stock after selling 546 shares during the period. Park Avenue Securities LLC’s holdings in DuPont de Nemours were worth $1,162,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwest Financial Advisors acquired a new position in DuPont de Nemours in the fourth quarter worth approximately $25,000. Cassady Schiller Wealth Management LLC increased 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 buying an additional 261 shares during the last quarter. Neo Ivy Capital Management acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $40,000. AlphaMark Advisors LLC acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $41,000. Finally, Grove Bank & Trust grew its holdings in DuPont de Nemours by 55.1% during the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DD. Mizuho increased 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. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $80.00 to $103.00 in a report on Friday, May 24th. Wolfe Research began coverage on DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Barclays increased their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Finally, Citigroup upgraded shares of DuPont de Nemours from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $95.00 in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.09.

DuPont de Nemours Stock Up 1.6 %

Shares of DD stock opened at $81.08 on Tuesday. The stock has a market cap of $33.90 billion, a P/E ratio of 98.88, a price-to-earnings-growth ratio of 2.49 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. The stock has a fifty day moving average price of $78.39 and a 200 day moving average price of $74.38. 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 issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.65 by $0.14. The firm 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%. DuPont de Nemours’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share. Analysts predict that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. DuPont de Nemours’s payout ratio is presently 185.37%.

DuPont de Nemours Company 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.