DT Investment Partners LLC Has $13.49 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

DT Investment Partners LLC increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 175,391 shares of the basic materials company’s stock after acquiring an additional 5,934 shares during the quarter. DuPont de Nemours comprises about 1.5% of DT Investment Partners LLC’s holdings, making the stock its 16th biggest holding. DT Investment Partners LLC’s holdings in DuPont de Nemours were worth $13,493,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DD. Peoples Bank KS acquired a new position in DuPont de Nemours in the 3rd quarter valued at $25,000. Cornerstone Planning Group LLC acquired a new position in DuPont de Nemours in the 2nd quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours in the 1st quarter valued at $26,000. Carmel Capital Partners LLC acquired a new position in DuPont de Nemours in the 3rd quarter valued at $36,000. Finally, Grove Bank & Trust lifted its position in shares of DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 188 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DD shares. Wells Fargo & Company upped their target price on 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. Royal Bank of Canada upped their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Mizuho cut their target price 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. Citigroup upped their target price on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Trading Up 0.5 %

DuPont de Nemours stock traded up $0.36 during trading hours on Friday, hitting $73.89. The stock had a trading volume of 2,341,993 shares, compared to its average volume of 1,876,876. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The stock has a market cap of $30.89 billion, a price-to-earnings ratio of 79.45, a P/E/G ratio of 2.44 and a beta of 1.40. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $78.74. The business’s 50 day simple moving average is $72.65 and its 200-day simple moving average is $72.13.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The firm had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a $0.38 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.06%. DuPont de Nemours’s dividend payout ratio is presently 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 dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale 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 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.