Albion Financial Group UT Has $37,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Albion Financial Group UT lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 81.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 489 shares of the basic materials company’s stock after purchasing an additional 220 shares during the period. Albion Financial Group UT’s holdings in DuPont de Nemours were worth $37,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Lido Advisors LLC increased its position in DuPont de Nemours by 10.4% in the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after buying an additional 1,609 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in DuPont de Nemours in the 4th quarter worth $1,859,000. Premier Path Wealth Partners LLC bought a new position in shares of DuPont de Nemours during the 4th quarter worth about $1,031,000. abrdn plc raised its position in shares of DuPont de Nemours by 30.9% during the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after buying an additional 95,505 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $797,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD stock opened at $79.18 on Thursday. The stock’s fifty day moving average is $79.27 and its 200-day moving average is $74.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $82.63. The stock has a market capitalization of $33.11 billion, a PE ratio of 96.56, a PEG ratio of 2.48 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share 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 firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the company posted $0.84 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

Analyst Upgrades and Downgrades

Several research firms have commented on DD. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price target for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Barclays increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Finally, UBS Group raised their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.09.

Insider Activity

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

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.