CVA Family Office LLC Purchases New Shares in DuPont de Nemours, Inc. (NYSE:DD)

CVA Family Office LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 579 shares of the basic materials company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lido Advisors LLC grew its position in DuPont de Nemours by 10.4% during the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after buying an additional 1,609 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth $1,859,000. Premier Path Wealth Partners LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $1,031,000. Axxcess Wealth Management LLC raised its stake in DuPont de Nemours by 424.0% in the third quarter. Axxcess Wealth Management LLC now owns 28,568 shares of the basic materials company’s stock valued at $2,131,000 after purchasing an additional 23,116 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in DuPont de Nemours by 4.8% during the third quarter. Park Avenue Securities LLC now owns 14,507 shares of the basic materials company’s stock worth $1,082,000 after buying an additional 663 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Transactions at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the company’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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is owned by corporate insiders.

DuPont de Nemours Stock Up 0.2 %

Shares of NYSE DD opened at $76.66 on Friday. The company has a 50 day simple moving average of $69.67 and a 200 day simple moving average of $72.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $78.74. The firm has a market cap of $32.01 billion, a PE ratio of 82.43, a price-to-earnings-growth ratio of 2.52 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, research analysts forecast that DuPont de Nemours, Inc. will post 3.44 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.38 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 annualized dividend and a dividend yield of 1.98%. DuPont de Nemours’s dividend payout ratio is presently 163.44%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DD shares. TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Wells Fargo & Company lowered DuPont de Nemours from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $85.00 to $69.00 in a research note on Wednesday, January 24th. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Royal Bank of Canada lifted their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Mizuho reduced their price target on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.60.

About DuPont de Nemours

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.