Norden Group LLC Acquires Shares of 3,835 DuPont de Nemours, Inc. (NYSE:DD)

Norden Group LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,835 shares of the basic materials company’s stock, valued at approximately $295,000.

A number of other institutional investors also recently added to or reduced their stakes in DD. Public Sector Pension Investment Board lifted its position in shares of DuPont de Nemours by 12.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 49,173 shares of the basic materials company’s stock valued at $3,668,000 after acquiring an additional 5,359 shares during the period. EP Wealth Advisors LLC lifted its position in shares of DuPont de Nemours by 363.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 7,866 shares of the basic materials company’s stock valued at $587,000 after acquiring an additional 6,170 shares during the period. American Century Companies Inc. lifted its position in shares of DuPont de Nemours by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 63,497 shares of the basic materials company’s stock valued at $4,736,000 after acquiring an additional 4,691 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $187,000. Finally, Trust Co. of Toledo NA OH lifted its position in shares of DuPont de Nemours by 10.4% during the 4th quarter. Trust Co. of Toledo NA OH now owns 15,036 shares of the basic materials company’s stock valued at $1,157,000 after acquiring an additional 1,416 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.2 %

DD stock opened at $80.88 on Friday. The stock has a market capitalization of $33.82 billion, a P/E ratio of 98.64, a PEG ratio of 2.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $82.63. The company has a 50 day moving average price of $79.87 and a two-hundred day moving average price of $75.00.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $2.81 billion. During the same period in the previous year, the company earned $0.84 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.63 EPS 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 dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Insider Activity

In other news, insider Michael G. Goss sold 1,339 shares of the business’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction on 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 directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DD. UBS Group lifted their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Citigroup cut their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. Finally, Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

DuPont de Nemours Company 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.