DuPont de Nemours, Inc. $DD Shares Purchased by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 38.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,626 shares of the basic materials company’s stock after buying an additional 21,900 shares during the quarter. DuPont de Nemours comprises approximately 0.9% of Adams Natural Resources Fund Inc.’s portfolio, making the stock its 25th biggest holding. Adams Natural Resources Fund Inc.’s holdings in DuPont de Nemours were worth $6,125,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Princeton Global Asset Management LLC boosted its position in shares of DuPont de Nemours by 64.4% in the second quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 143 shares during the last quarter. Salomon & Ludwin LLC raised its stake in DuPont de Nemours by 186.5% during the third quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 207 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in DuPont de Nemours by 67.5% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 541 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 218 shares during the period. Ransom Advisory Ltd acquired a new position in shares of DuPont de Nemours in the 1st quarter valued at $40,000. Finally, Crews Bank & Trust raised its position in shares of DuPont de Nemours by 55.8% in the 3rd quarter. Crews Bank & Trust now owns 508 shares of the basic materials company’s stock worth $40,000 after buying an additional 182 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD stock opened at $43.45 on Wednesday. The firm has a fifty day simple moving average of $39.67 and a 200-day simple moving average of $34.45. The company has a market capitalization of $18.20 billion, a PE ratio of -23.61, a price-to-earnings-growth ratio of 3.11 and a beta of 1.08. DuPont de Nemours, Inc. has a twelve month low of $22.50 and a twelve month high of $43.69. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 EPS for the quarter. The firm 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%. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the basic materials company to reacquire up to 12.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

DuPont de Nemours Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. DuPont de Nemours’s dividend payout ratio is currently -43.48%.

Insider Buying and Selling

In other DuPont de Nemours 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 sale, the chief executive officer directly owned 288,326 shares in the company, valued at $11,377,343.96. The trade was a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Erik T. Hoover sold 6,005 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were sold at an average price of $39.79, for a total value of $238,938.95. Following the transaction, the senior vice president owned 112,101 shares of the company’s stock, valued at approximately $4,460,498.79. This trade represents a 5.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Morgan Stanley reduced their price objective on DuPont de Nemours from $80.00 to $44.00 in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, December 22nd. Wolfe Research reduced their price target on shares of DuPont de Nemours from $87.00 to $39.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada dropped their price objective on shares of DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating for the company in a research report on Tuesday, November 18th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.69.

DuPont de Nemours Profile

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.