DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 20.0% in the fourth quarter, HoldingsChannel reports. The fund owned 53,262 shares of the basic materials company’s stock after acquiring an additional 8,876 shares during the quarter. Cerity Partners LLC’s holdings in DuPont de Nemours were worth $4,098,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DD. Fairfield Bush & CO. acquired a new position in shares of DuPont de Nemours during the 1st quarter worth about $50,000. United Bank raised its position in shares of DuPont de Nemours by 7.6% during the 1st quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after purchasing an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of DuPont de Nemours during the 1st quarter worth about $195,000. Blair William & Co. IL raised its position in shares of DuPont de Nemours by 0.9% during the 1st quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after purchasing an additional 866 shares during the last quarter. Finally, Prudential PLC acquired a new position in shares of DuPont de Nemours during the 1st quarter worth about $821,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DD shares. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Barclays dropped 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 note on Monday, February 12th. BMO Capital Markets cut shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.90.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.

DuPont de Nemours Stock Performance

NYSE:DD opened at $73.08 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The stock has a market capitalization of $30.55 billion, a P/E ratio of 78.58, a PEG ratio of 2.43 and a beta of 1.40. The company has a 50 day moving average price of $72.40 and a 200 day moving average price of $72.12. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $0.89 EPS. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.48 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.08%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

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.