Diversified Trust Co Raises Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Diversified Trust Co raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,892 shares of the basic materials company’s stock after purchasing an additional 168 shares during the period. Diversified Trust Co’s holdings in DuPont de Nemours were worth $452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Lido Advisors LLC boosted its stake in DuPont de Nemours by 10.4% during the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after purchasing an additional 1,609 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $1,859,000. Premier Path Wealth Partners LLC purchased a new position in DuPont de Nemours in the 4th quarter worth approximately $1,031,000. abrdn plc grew its position in shares of DuPont de Nemours by 30.9% in the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after purchasing an additional 95,505 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $797,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Citigroup raised DuPont de Nemours from a “neutral” rating to a “buy” rating and raised their target price for the stock from $85.00 to $95.00 in a research note on Tuesday, May 28th. Mizuho lifted their target price on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $80.00 to $103.00 in a research note on Friday, May 24th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Finally, UBS Group increased their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $91.09.

Insider Buying and Selling

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now 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 Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours 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 of the company’s stock, valued at approximately $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction on 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 in the company, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

DuPont de Nemours Trading Down 0.2 %

Shares of NYSE DD opened at $79.19 on Friday. The stock has a fifty day simple moving average of $79.38 and a 200-day simple moving average of $74.78. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $82.63. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $33.11 billion, a PE ratio of 96.57, a PEG ratio of 2.48 and a beta of 1.34.

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

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is currently 185.37%.

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.