Legacy Bridge LLC raised its holdings in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 114.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,309 shares of the basic materials company’s stock after buying an additional 700 shares during the quarter. Legacy Bridge LLC’s holdings in DuPont de Nemours were worth $94,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in DD. Moneta Group Investment Advisors LLC increased its holdings in shares of DuPont de Nemours by 114,597.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after purchasing an additional 11,960,552 shares during the period. Putnam Investments LLC boosted its position in shares of DuPont de Nemours by 1,871.7% during the 1st quarter. Putnam Investments LLC now owns 5,124,160 shares of the basic materials company’s stock valued at $367,761,000 after acquiring an additional 4,864,272 shares in the last quarter. Empower Advisory Group LLC bought a new stake in DuPont de Nemours in the first quarter valued at about $89,142,000. Canoe Financial LP acquired a new position in DuPont de Nemours in the first quarter worth about $70,236,000. Finally, Norges Bank bought a new position in DuPont de Nemours during the fourth quarter worth about $65,712,000. 76.25% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Citigroup boosted their target price on DuPont de Nemours from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, July 19th. Mizuho increased their target price on DuPont de Nemours from $81.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $73.00 price target on shares of DuPont de Nemours in a report on Thursday, August 3rd. Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Finally, StockNews.com began coverage on shares of DuPont de Nemours in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.50.
DuPont de Nemours Stock Performance
Shares of DD stock opened at $74.56 on Monday. The stock has a market cap of $34.23 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 2.21 and a beta of 1.40. The stock has a 50-day moving average of $75.49 and a 200-day moving average of $71.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.98 and a quick ratio of 2.35. DuPont de Nemours, Inc. has a one year low of $49.52 and a one year high of $78.74.
DuPont de Nemours (NYSE:DD – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.02. DuPont de Nemours had a return on equity of 6.11% and a net margin of 37.09%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.45 earnings per share for the current year.
DuPont de Nemours Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, July 31st were given a dividend of $0.36 per share. The ex-dividend date was Friday, July 28th. This represents a $1.44 annualized dividend and a dividend yield of 1.93%. DuPont de Nemours’s dividend payout ratio is currently 14.85%.
Insider Transactions at DuPont de Nemours
In related news, insider Michael G. Goss sold 7,919 shares of the firm’s 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 transaction, the insider now directly owns 13,363 shares of the company’s stock, valued at $1,033,761.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other DuPont de Nemours news, SVP Raj Ratnakar sold 50,633 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $77.42, for a total value of $3,920,006.86. Following the transaction, the senior vice president now directly owns 31,720 shares in the company, valued at $2,455,762.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael G. Goss sold 7,919 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $77.36, for a total transaction of $612,613.84. Following the completion of the transaction, the insider now owns 13,363 shares in the company, valued at approximately $1,033,761.68. The disclosure for this sale can be found here. Insiders have sold a total of 74,390 shares of company stock valued at $5,713,502 over the last 90 days. 0.38% of the stock is owned by corporate insiders.
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.
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