DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Shell Asset Management Co.

Shell Asset Management Co. raised its stake in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,485 shares of the basic materials company’s stock after purchasing an additional 1,122 shares during the quarter. Shell Asset Management Co.’s holdings in DuPont de Nemours were worth $1,653,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Northwest Financial Advisors purchased a new position in DuPont de Nemours in the fourth quarter valued at approximately $25,000. Cassady Schiller Wealth Management LLC increased its position in shares of DuPont de Nemours by 153.5% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 261 shares in the last quarter. AlphaMark Advisors LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at $41,000. Grove Bank & Trust lifted its holdings in shares of DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 188 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in DuPont de Nemours during the 4th quarter worth $44,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on DD shares. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Citigroup raised DuPont de Nemours from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $95.00 in a research report on Tuesday, May 28th. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and upped their price target for the stock from $78.00 to $101.00 in a report on Friday, May 17th. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Finally, Wolfe Research assumed coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $91.09.

Read Our Latest Research Report on DD

Insiders Place Their Bets

In related news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael G. Goss sold 1,339 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the sale, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. Insiders have sold a total of 22,193 shares of company stock valued at $1,726,655 in the last quarter. Insiders own 0.56% of the company’s stock.

DuPont de Nemours Stock Down 0.2 %

Shares of NYSE:DD opened at $79.88 on Tuesday. The firm has a market cap of $33.40 billion, a PE ratio of 97.42, a price-to-earnings-growth ratio of 2.50 and a beta of 1.36. The company has a fifty day simple moving average of $77.51 and a 200 day simple moving average of $73.75. The company has a current ratio of 2.33, a quick ratio of 1.61 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 $82.63.

DuPont de Nemours (NYSE:DDGet Free Report) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s revenue was down 2.9% on a year-over-year basis. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s payout ratio is currently 185.37%.

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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