Perigon Wealth Management LLC Buys 194 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Perigon Wealth Management LLC boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,905 shares of the basic materials company’s stock after purchasing an additional 194 shares during the quarter. Perigon Wealth Management LLC’s holdings in DuPont de Nemours were worth $762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Peoples Bank KS acquired a new position in shares of DuPont de Nemours during the third quarter worth $25,000. Cornerstone Planning Group LLC acquired a new position in DuPont de Nemours during the 2nd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours in the first quarter valued at about $26,000. Carmel Capital Partners LLC acquired a new stake in DuPont de Nemours in the third quarter worth about $36,000. Finally, Indiana Trust & Investment Management CO purchased a new stake in shares of DuPont de Nemours during the third quarter worth about $38,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 3.2 %

DuPont de Nemours stock opened at $73.80 on Monday. The firm has a market cap of $30.85 billion, a PE ratio of 79.36, a P/E/G ratio of 2.44 and a beta of 1.40. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74. The stock’s 50 day simple moving average is $71.88 and its two-hundred day simple moving average is $72.14. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.89 earnings per share. Analysts anticipate that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.38 per share. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s dividend payout ratio is currently 163.44%.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays decreased their price objective on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Finally, Mizuho lowered their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and a consensus price target of $77.90.

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.