9,935 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the first quarter, Holdings Channel reports. The institutional investor acquired 9,935 shares of the basic materials company’s stock, valued at approximately $762,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwest Financial Advisors purchased a new position in DuPont de Nemours during the 4th quarter valued at about $25,000. Palisade Asset Management LLC purchased a new position in DuPont de Nemours during the 1st quarter valued at about $25,000. LifeSteps Financial Inc. purchased a new position in DuPont de Nemours during the 1st quarter valued at about $28,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the 1st quarter valued at about $33,000. Finally, Cassady Schiller Wealth Management LLC boosted its holdings in DuPont de Nemours by 153.5% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 261 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction that occurred 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 corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on DD shares. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a 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 company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $101.00 in a research note on Friday, May 17th. Citigroup decreased their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday. Finally, Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $80.00 to $103.00 in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.00.

DuPont de Nemours Price Performance

DD stock opened at $80.88 on Monday. The business has a 50 day moving average price of $79.87 and a 200 day moving average price of $74.97. The stock has a market cap of $33.82 billion, a price-to-earnings ratio of 98.64, a PEG ratio of 2.52 and a beta of 1.34. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $82.63. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32.

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

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 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.