Caldwell Trust Co Purchases New Position in DuPont de Nemours, Inc. $DD

Caldwell Trust Co acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 29,353 shares of the basic materials company’s stock, valued at approximately $2,013,000.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in DuPont de Nemours by 19.6% during the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock worth $382,000 after buying an additional 822 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of DuPont de Nemours during the first quarter worth $578,000. Horizon Investments LLC raised its holdings in shares of DuPont de Nemours by 4.5% during the first quarter. Horizon Investments LLC now owns 7,484 shares of the basic materials company’s stock worth $559,000 after acquiring an additional 323 shares during the period. Dimensional Fund Advisors LP lifted its position in DuPont de Nemours by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,190,172 shares of the basic materials company’s stock valued at $238,200,000 after acquiring an additional 83,147 shares in the last quarter. Finally, Ethic Inc. boosted its stake in DuPont de Nemours by 5.5% in the 1st quarter. Ethic Inc. now owns 51,117 shares of the basic materials company’s stock worth $3,828,000 after purchasing an additional 2,663 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 1.5%

NYSE DD opened at $40.89 on Monday. DuPont de Nemours, Inc. has a 12 month low of $22.50 and a 12 month high of $41.83. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $36.99 and a 200-day moving average of $32.93. The company has a market cap of $17.13 billion, a PE ratio of -22.22, a PEG ratio of 2.35 and a beta of 1.09.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Monday, July 11th. The basic materials company reported $0.29 earnings per share for the quarter. The business had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours declared that its board has approved a share buyback program on Thursday, November 6th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the basic materials company to purchase up to 12.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.48%.

Insider Buying and Selling

In other news, CEO Lori Koch sold 9,011 shares of DuPont de Nemours stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.46, for a total transaction of $355,574.06. Following the completion of the transaction, the chief executive officer directly owned 288,326 shares in the company, valued at approximately $11,377,343.96. The trade was a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Erik T. Hoover sold 6,005 shares of the business’s stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $39.79, for a total value of $238,938.95. Following the transaction, the senior vice president directly owned 112,101 shares in the company, valued at $4,460,498.79. The trade was a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on DD. UBS Group boosted their price target on DuPont de Nemours to $44.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Royal Bank Of Canada cut their target price on DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 18th. Citigroup upped their price target on DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. KeyCorp lowered their price objective on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Finally, Wells Fargo & Company cut their price objective on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $42.88.

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.