Bain Capital Public Equity Management II LLC lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,051,777 shares of the basic materials company’s stock after selling 52,190 shares during the quarter. DuPont de Nemours accounts for approximately 4.3% of Bain Capital Public Equity Management II LLC’s holdings, making the stock its 11th largest holding. Bain Capital Public Equity Management II LLC owned 0.23% of DuPont de Nemours worth $75,486,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in DD. Moneta Group Investment Advisors LLC boosted its holdings in DuPont de Nemours by 114,597.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after acquiring an additional 11,960,552 shares in the last quarter. Canoe Financial LP purchased a new position in shares of DuPont de Nemours in the first quarter worth about $70,236,000. Norges Bank purchased a new position in shares of DuPont de Nemours in the fourth quarter worth about $65,712,000. Alyeska Investment Group L.P. purchased a new position in shares of DuPont de Nemours in the fourth quarter worth about $53,298,000. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of DuPont de Nemours by 11.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,523,720 shares of the basic materials company’s stock worth $447,723,000 after purchasing an additional 660,029 shares during the last quarter. Institutional investors and hedge funds own 76.25% of the company’s stock.
Insiders Place Their Bets
In other DuPont de Nemours news, SVP Raj Ratnakar sold 15,838 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $74.56, for a total transaction of $1,180,881.28. Following the transaction, the senior vice president now owns 31,720 shares of the company’s stock, valued at $2,365,043.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other DuPont de Nemours news, insider Michael G. Goss sold 7,919 shares of DuPont de Nemours stock in a transaction on Friday, August 4th. The stock was sold at an average price of $77.36, for a total value of $612,613.84. Following the sale, the insider now owns 13,363 shares in the company, valued at $1,033,761.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Raj Ratnakar sold 15,838 shares of DuPont de Nemours stock in a transaction on Friday, August 25th. The shares were sold at an average price of $74.56, for a total value of $1,180,881.28. Following the completion of the sale, the senior vice president now owns 31,720 shares in the company, valued at approximately $2,365,043.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,390 shares of company stock valued at $5,713,502. Insiders own 0.38% of the company’s stock.
DuPont de Nemours Stock Performance
DuPont de Nemours (NYSE:DD – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.03 billion. DuPont de Nemours had a return on equity of 6.11% and a net margin of 37.09%. The business’s revenue was down 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 earnings per share. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.45 earnings per share for the current fiscal year.
DuPont de Nemours Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, July 28th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 14.85%.
Wall Street Analyst Weigh In
DD has been the subject of several research analyst reports. TheStreet cut DuPont de Nemours from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Barclays lifted their price target on DuPont de Nemours from $70.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, August 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $73.00 price target on shares of DuPont de Nemours in a research report on Thursday, August 3rd. StockNews.com initiated coverage on DuPont de Nemours in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Mizuho lifted their price target on DuPont de Nemours from $81.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.
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 addressing various steps of the manufacturing process.
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