Brookstone Capital Management Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

Brookstone Capital Management increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,834 shares of the basic materials company’s stock after purchasing an additional 4,089 shares during the period. Brookstone Capital Management’s holdings in DuPont de Nemours were worth $5,968,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. City State Bank boosted its position in DuPont de Nemours by 3.9% during the 4th quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 132 shares during the period. Triangle Securities Wealth Management increased its position in shares of DuPont de Nemours by 0.7% during the 1st quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock valued at $1,456,000 after purchasing an additional 134 shares during the period. Laurel Wealth Advisors LLC grew its stake in shares of DuPont de Nemours by 5.3% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 142 shares during the last quarter. Personal CFO Solutions LLC grew its position in DuPont de Nemours by 2.5% in the fourth quarter. Personal CFO Solutions LLC now owns 6,327 shares of the basic materials company’s stock worth $487,000 after buying an additional 153 shares during the last quarter. Finally, Thoroughbred Financial Services LLC lifted its holdings in shares of DuPont de Nemours by 2.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 162 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 related news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Leland Weaver sold 18,500 shares of the business’s 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 sale, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the company’s 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 sale, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $80.01 on Thursday. The business’s fifty day moving average is $78.68 and its two-hundred day moving average is $74.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The firm has a market cap of $33.45 billion, a P/E ratio of 97.57, a P/E/G ratio of 2.51 and a beta of 1.36. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $82.63.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.14. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were given a dividend of $0.38 per share. The ex-dividend date was Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. DuPont de Nemours’s payout ratio is currently 185.37%.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research analyst reports. Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and lifted their price target for the company from $85.00 to $95.00 in a report on Tuesday, May 28th. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the company from $78.00 to $101.00 in a report on Friday, May 17th. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. UBS Group upped their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $103.00 in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $91.09.

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.