Sunbelt Securities Inc. Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Sunbelt Securities Inc. increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,749 shares of the basic materials company’s stock after purchasing an additional 656 shares during the period. Sunbelt Securities Inc.’s holdings in DuPont de Nemours were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Northwest Financial Advisors purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at about $25,000. Cassady Schiller Wealth Management LLC raised its position in DuPont de Nemours by 153.5% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 261 shares in the last quarter. Neo Ivy Capital Management acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $40,000. AlphaMark Advisors LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $41,000. Finally, Grove Bank & Trust grew its stake in shares of DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 188 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 0.1 %

Shares of DD opened at $79.96 on Friday. The firm’s fifty day moving average is $78.81 and its two-hundred day moving average is $74.52. The stock has a market cap of $33.43 billion, a PE ratio of 97.51, a price-to-earnings-growth ratio of 2.51 and a beta of 1.36. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. 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 announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the prior year, the company earned $0.84 EPS. DuPont de Nemours’s revenue was down 2.9% compared to the same quarter last year. Research analysts forecast that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.90%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

Analyst Ratings Changes

DD has been the subject of several analyst reports. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their target price for the company from $78.00 to $101.00 in a research note on Friday, May 17th. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Mizuho raised their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Finally, Barclays upped their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.09.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction on 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 transaction, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Leland Weaver sold 18,500 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred on 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 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 company insiders.

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.