Johnson Investment Counsel Inc. raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,334 shares of the basic materials company’s stock after acquiring an additional 329 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $738,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DD. FSC Wealth Advisors LLC increased its stake in DuPont de Nemours by 107.0% in the 2nd quarter. FSC Wealth Advisors LLC now owns 354 shares of the basic materials company’s stock valued at $25,000 after buying an additional 183 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the first quarter worth $26,000. Nemes Rush Group LLC purchased a new stake in shares of DuPont de Nemours during the second quarter worth $30,000. Capital Advisors Ltd. LLC boosted its position in DuPont de Nemours by 166.1% during the second quarter. Capital Advisors Ltd. LLC now owns 495 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 309 shares during the last quarter. Finally, Fiduciary Alliance LLC purchased a new position in DuPont de Nemours in the second quarter valued at about $39,000. Institutional investors and hedge funds own 76.25% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on DD. Citigroup reduced their price target on DuPont de Nemours from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Wednesday, October 4th. Royal Bank of Canada decreased their target price on shares of DuPont de Nemours from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. StockNews.com initiated coverage on shares of DuPont de Nemours in a report on Thursday, October 5th. They set a “hold” rating on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $73.00 price objective on shares of DuPont de Nemours in a report on Thursday, August 3rd. Finally, Barclays cut their target price on DuPont de Nemours from $77.00 to $74.00 and set an “equal weight” rating on the stock in a report on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $79.00.
DuPont de Nemours Trading Up 0.9 %
Shares of NYSE:DD opened at $71.22 on Monday. DuPont de Nemours, Inc. has a 52-week low of $62.80 and a 52-week high of $78.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.15. The company has a market cap of $30.63 billion, a P/E ratio of 7.37, a P/E/G ratio of 2.36 and a beta of 1.36. The stock’s 50-day moving average is $72.78 and its 200-day moving average is $72.15.
DuPont de Nemours (NYSE:DD – Get Free Report) last released its earnings results on Wednesday, November 1st. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. DuPont de Nemours had a return on equity of 6.18% and a net margin of 37.49%. The firm had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue was down 7.8% on a year-over-year basis. Equities research analysts predict that DuPont de Nemours, Inc. will post 3.46 earnings per share for the current year.
DuPont de Nemours Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.02%. The ex-dividend date is Wednesday, November 29th. DuPont de Nemours’s payout ratio is currently 14.89%.
Insider Buying and Selling at DuPont de Nemours
In other news, SVP Raj Ratnakar sold 50,633 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $77.42, for a total transaction of $3,920,006.86. Following the transaction, the senior vice president now owns 31,720 shares in the company, valued at approximately $2,455,762.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.
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 addressing various steps of the manufacturing process.
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