Kwmg LLC Boosts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Kwmg LLC raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,525 shares of the basic materials company’s stock after acquiring an additional 3,740 shares during the quarter. Kwmg LLC’s holdings in DuPont de Nemours were worth $4,610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new stake in shares of DuPont de Nemours during the 1st quarter worth about $50,000. United Bank boosted its position in shares of DuPont de Nemours by 7.6% in the first quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after acquiring an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of DuPont de Nemours in the first quarter worth approximately $195,000. Blair William & Co. IL boosted its position in shares of DuPont de Nemours by 0.9% in the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after acquiring an additional 866 shares during the last quarter. Finally, Prudential PLC acquired a new stake in shares of DuPont de Nemours in the first quarter worth approximately $821,000. 76.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on DD. Citigroup raised their target price on shares of DuPont de Nemours from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. Mizuho lifted their price target on shares of DuPont de Nemours from $81.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. StockNews.com assumed coverage on shares of DuPont de Nemours in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Barclays lifted their price target on shares of DuPont de Nemours from $70.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, August 3rd. Finally, TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 7,919 shares of DuPont de Nemours stock in a transaction on Friday, August 4th. The shares were sold at an average price of $77.36, for a total value of $612,613.84. Following the completion of the sale, the insider now owns 13,363 shares in the company, valued at $1,033,761.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Michael G. Goss sold 7,919 shares of DuPont de Nemours stock in a transaction on Friday, August 4th. The shares were sold at an average price of $77.36, for a total value of $612,613.84. Following the completion of the sale, the insider now owns 13,363 shares in the company, valued at $1,033,761.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Raj Ratnakar sold 50,633 shares of DuPont de Nemours stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $77.42, for a total transaction of $3,920,006.86. Following the completion of the sale, the senior vice president now owns 31,720 shares of the company’s stock, valued at approximately $2,455,762.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,390 shares of company stock worth $5,713,502. Insiders own 0.38% of the company’s stock.

DuPont de Nemours Stock Down 0.8 %

Shares of DD traded down $0.61 during mid-day trading on Friday, reaching $74.56. 3,648,155 shares of the stock traded hands, compared to its average volume of 3,068,991. The firm has a market cap of $34.23 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 2.21 and a beta of 1.40. The stock has a fifty day simple moving average of $75.49 and a 200 day simple moving average of $71.36. DuPont de Nemours, Inc. has a 12-month low of $49.52 and a 12-month high of $78.74. The company has a quick ratio of 2.35, a current ratio of 2.98 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, August 2nd. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.03 billion. DuPont de Nemours had a net margin of 37.09% and a return on equity of 6.11%. The business’s quarterly revenue was down 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.45 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Monday, July 31st were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 28th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.93%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 14.85%.

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 addressing various steps of the manufacturing process.