Gladstone Institutional Advisory LLC Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Gladstone Institutional Advisory LLC increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,239 shares of the basic materials company’s stock after purchasing an additional 325 shares during the period. Gladstone Institutional Advisory LLC’s holdings in DuPont de Nemours were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analyst Weigh In

A number of analysts have commented on DD shares. Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. upped their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Barclays upped their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and set a $96.00 price target for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $88.50.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now 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 through the SEC website. In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction 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 sale, 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 SEC, which is available at this hyperlink. Also, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the sale, the insider now directly 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 over the last 90 days. 0.56% of the stock is owned by corporate insiders.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $78.94 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The firm has a fifty day moving average price of $76.17 and a 200 day moving average price of $72.78. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $80.46. The firm has a market cap of $33.00 billion, a price-to-earnings ratio of 96.26, a P/E/G ratio of 2.26 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. DuPont de Nemours’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s payout ratio is 185.37%.

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.