DuPont de Nemours, Inc. (NYSE:DD) Stake Boosted by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. raised its position in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 138,501 shares of the basic materials company’s stock after buying an additional 1,166 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in DuPont de Nemours were worth $10,655,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Peoples Bank KS purchased a new position in shares of DuPont de Nemours during the third quarter valued at $25,000. Cornerstone Planning Group LLC purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the 1st quarter valued at about $26,000. Carmel Capital Partners LLC purchased a new stake in shares of DuPont de Nemours in the third quarter worth approximately $36,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of DuPont de Nemours during the third quarter worth approximately $38,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DD. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Bank of America lowered DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their price target for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. increased their price objective on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday. Finally, raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $76.60.

Read Our Latest Stock Analysis on DuPont de Nemours

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $75.94 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $69.50 and a 200 day moving average price of $71.93. The company has a market cap of $31.71 billion, a price-to-earnings ratio of 81.66, a PEG ratio of 2.52 and a beta of 1.39. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74.

DuPont de Nemours (NYSE:DDGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. DuPont de Nemours’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.89 earnings per share. Research analysts predict that DuPont de Nemours, Inc. will post 3.44 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 2.00%. DuPont de Nemours’s dividend payout ratio (DPR) is 163.44%.

About DuPont de Nemours

(Free Report)

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.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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