DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 15.8% during the fourth quarter, Holdings Channel reports. The firm owned 40,644 shares of the basic materials company’s stock after purchasing an additional 5,547 shares during the period. Van ECK Associates Corp’s holdings in DuPont de Nemours were worth $3,127,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DD. Invesco Ltd. lifted its position in DuPont de Nemours by 6.7% during the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after buying an additional 639,246 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of DuPont de Nemours by 2.0% during the 3rd quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company’s stock valued at $391,295,000 after acquiring an additional 104,141 shares in the last quarter. Empower Advisory Group LLC boosted its position in DuPont de Nemours by 1.3% during the 3rd quarter. Empower Advisory Group LLC now owns 1,266,212 shares of the basic materials company’s stock worth $94,447,000 after purchasing an additional 16,293 shares during the period. Strs Ohio increased its holdings in DuPont de Nemours by 2.1% in the 4th quarter. Strs Ohio now owns 995,743 shares of the basic materials company’s stock valued at $76,602,000 after purchasing an additional 20,101 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in DuPont de Nemours by 12.7% in the fourth quarter. Russell Investments Group Ltd. now owns 900,919 shares of the basic materials company’s stock valued at $69,339,000 after purchasing an additional 101,685 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DD stock opened at $78.51 on Tuesday. The firm has a fifty day moving average of $73.93 and a two-hundred day moving average of $72.08. The firm has a market cap of $32.83 billion, a P/E ratio of 95.74, a P/E/G ratio of 2.26 and a beta of 1.39. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $79.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61.

DuPont de Nemours (NYSE:DD) last issued 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 business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 3.61 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, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.38 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.94%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on DD shares. Wolfe Research started coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Bank of America downgraded shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and upped their target price for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, 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 report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, DuPont de Nemours has an average rating of “Hold” and a consensus target price of $80.00.

Insider Activity at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.56% of the company’s stock.

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.