DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,793 shares of the basic materials company’s stock after acquiring an additional 934 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in DuPont de Nemours were worth $2,591,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Iams Wealth Management LLC grew its position in DuPont de Nemours by 6.2% in the 1st quarter. Iams Wealth Management LLC now owns 22,236 shares of the basic materials company’s stock valued at $1,705,000 after acquiring an additional 1,295 shares in the last quarter. Diversified Trust Co boosted its stake in shares of DuPont de Nemours by 2.9% in the 1st quarter. Diversified Trust Co now owns 5,892 shares of the basic materials company’s stock valued at $452,000 after buying an additional 168 shares during the period. Roberts Wealth Advisors LLC boosted its stake in shares of DuPont de Nemours by 3.3% in the 1st quarter. Roberts Wealth Advisors LLC now owns 36,478 shares of the basic materials company’s stock valued at $2,679,000 after buying an additional 1,180 shares during the period. Coston McIsaac & Partners boosted its stake in shares of DuPont de Nemours by 3.5% in the 1st quarter. Coston McIsaac & Partners now owns 68,059 shares of the basic materials company’s stock valued at $5,217,000 after buying an additional 2,295 shares during the period. Finally, Grimes & Company Inc. boosted its stake in shares of DuPont de Nemours by 8.1% in the 1st quarter. Grimes & Company Inc. now owns 3,047 shares of the basic materials company’s stock valued at $234,000 after buying an additional 229 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DD opened at $79.18 on Thursday. The company has a 50-day simple moving average of $79.27 and a 200-day simple moving average of $74.75. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $33.11 billion, a PE ratio of 96.56, a P/E/G ratio of 2.48 and a beta of 1.34. 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 results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the firm posted $0.84 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts predict that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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 issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.92%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

Insider Transactions at DuPont de Nemours

In other news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction dated Monday, May 6th. The shares were 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 in the company, valued at $1,918,918.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Michael G. Goss sold 1,339 shares of the firm’s 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 sale, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the firm’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 transaction of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DD shares. Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $95.00 in a research note on Tuesday, May 28th. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. Mizuho boosted their target price on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Finally, Barclays boosted 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $91.09.

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.