American Century Companies Inc. Acquires 4,691 Shares of DuPont de Nemours, Inc. (NYSE:DD)

American Century Companies Inc. grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,497 shares of the basic materials company’s stock after buying an additional 4,691 shares during the period. American Century Companies Inc.’s holdings in DuPont de Nemours were worth $4,736,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DD. Laurel Wealth Advisors LLC grew its stake in DuPont de Nemours by 5.3% during the 3rd quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock worth $209,000 after buying an additional 142 shares during the last quarter. Ballast Inc. grew its stake in DuPont de Nemours by 1.0% during the 3rd quarter. Ballast Inc. now owns 14,119 shares of the basic materials company’s stock worth $1,053,000 after buying an additional 143 shares during the last quarter. Personal CFO Solutions LLC grew its stake in DuPont de Nemours by 2.4% during the 3rd quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock worth $461,000 after buying an additional 147 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in DuPont de Nemours by 0.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 36,787 shares of the basic materials company’s stock valued at $2,744,000 after purchasing an additional 160 shares during the last quarter. Finally, Financial Counselors Inc. grew its stake in DuPont de Nemours by 1.0% during the 3rd quarter. Financial Counselors Inc. now owns 16,139 shares of the basic materials company’s stock valued at $1,204,000 after purchasing an additional 164 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the 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 completion of the transaction, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on DD shares. Wolfe Research started coverage on DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Barclays lowered their target price on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and upped their target price for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. Finally, BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $80.00 to $72.00 in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $76.60.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $76.53 on Thursday. The company has a market capitalization of $31.96 billion, a P/E ratio of 82.29, a P/E/G ratio of 2.53 and a beta of 1.39. The business’s 50 day moving average is $69.61 and its two-hundred day moving average is $71.96. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74.

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

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.38 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.99%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s dividend payout ratio is presently 163.44%.

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.