Crestwood Advisors Group LLC Purchases Shares of 2,745 DuPont de Nemours, Inc. (NYSE:DD)

Crestwood Advisors Group LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,745 shares of the basic materials company’s stock, valued at approximately $211,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peoples Bank KS purchased a new position in shares of DuPont de Nemours during the third quarter valued at about $25,000. Cornerstone Planning Group LLC purchased a new position in DuPont de Nemours in the second quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours in the first quarter worth about $26,000. Carmel Capital Partners LLC purchased a new position in DuPont de Nemours in the third quarter worth about $36,000. Finally, AlphaMark Advisors LLC purchased a new position in DuPont de Nemours in the fourth quarter worth about $41,000. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on DD shares. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Wolfe Research initiated coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Royal Bank of Canada boosted 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. Mizuho dropped their target price on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Finally, Barclays dropped their target price on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.90.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $73.44 on Tuesday. The company has a 50 day moving average price of $72.13 and a 200-day moving average price of $72.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74. The company has a market capitalization of $30.70 billion, a PE ratio of 78.97, a P/E/G ratio of 2.44 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion during 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 revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.38 dividend. This is an increase 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 dividend on an annualized basis and a yield of 2.07%. DuPont de Nemours’s payout ratio is 163.44%.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value 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 accessible through this link. 0.56% of the stock is currently owned by insiders.

DuPont de Nemours Company 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.