Kovack Advisors Inc. Has $400,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Kovack Advisors Inc. boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 24.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,219 shares of the basic materials company’s stock after buying an additional 1,026 shares during the quarter. Kovack Advisors Inc.’s holdings in DuPont de Nemours were worth $400,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DD. Vanguard Group Inc. grew its holdings in shares of DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after purchasing an additional 3,168,740 shares during the last quarter. Putnam Investments LLC boosted its position in DuPont de Nemours by 3.2% in the fourth quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock valued at $399,784,000 after buying an additional 159,438 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in DuPont de Nemours by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock worth $200,192,000 after buying an additional 101,203 shares during the last quarter. Norges Bank acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth approximately $111,980,000. Finally, Strs Ohio raised its stake in shares of DuPont de Nemours by 2.1% in the fourth quarter. Strs Ohio now owns 995,743 shares of the basic materials company’s stock valued at $76,602,000 after acquiring an additional 20,101 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Insider Activity at DuPont de Nemours

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 shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Leland Weaver sold 18,500 shares of the firm’s 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 sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours 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 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 corporate insiders.

DuPont de Nemours Price Performance

Shares of DD stock opened at $79.19 on Friday. The firm’s 50 day moving average price is $79.38 and its two-hundred day moving average price is $74.78. 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 cap of $33.11 billion, a PE ratio of 96.57, a PEG ratio of 2.47 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted 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 analyst estimates of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.84 EPS. As a group, analysts forecast that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.92%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DD. Citigroup raised DuPont de Nemours from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $95.00 in a report on Tuesday, May 28th. Mizuho lifted 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. UBS Group increased their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. boosted 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. Finally, Wells Fargo & Company raised shares of 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 research note on Friday, May 24th. One 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. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $91.09.

DuPont de Nemours 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.