Zurcher Kantonalbank Zurich Cantonalbank Acquires 93,191 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 111.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,918 shares of the basic materials company’s stock after purchasing an additional 93,191 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DuPont de Nemours were worth $13,610,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Peoples Bank KS bought a new position in shares of DuPont de Nemours during the third quarter worth approximately $25,000. Cornerstone Planning Group LLC bought a new position in DuPont de Nemours in the second quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the first quarter valued at approximately $26,000. Carmel Capital Partners LLC bought a new position in DuPont de Nemours in the third quarter valued at approximately $36,000. Finally, Grove Bank & Trust increased its stake in DuPont de Nemours by 55.1% in the fourth 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 during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $73.53 on Friday. The firm has a market cap of $30.74 billion, a PE ratio of 79.07, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. 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 52 week low of $61.14 and a 52 week high of $78.74. The firm’s fifty day moving average is $72.53 and its 200-day moving average is $72.13.

DuPont de Nemours (NYSE:DD) last released its 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. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.07%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 163.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their target price for the company from $78.00 to $80.00 in a research report on Tuesday, January 16th. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.90.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by insiders.

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.