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

DT Investment Partners LLC increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 175,391 shares of the basic materials company’s stock after buying an additional 5,934 shares during the period. DuPont de Nemours accounts for 1.5% of DT Investment Partners LLC’s portfolio, making the stock its 16th largest holding. DT Investment Partners LLC’s holdings in DuPont de Nemours were worth $13,493,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. acquired a new position in DuPont de Nemours during the first quarter valued at approximately $50,000. United Bank grew its holdings in DuPont de Nemours by 7.6% during the first quarter. United Bank now owns 11,482 shares of the basic materials company’s stock valued at $845,000 after purchasing an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in DuPont de Nemours during the first quarter valued at approximately $195,000. Blair William & Co. IL grew its holdings in DuPont de Nemours by 0.9% during the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock valued at $6,964,000 after purchasing an additional 866 shares during the last quarter. Finally, Prudential PLC acquired a new stake in shares of DuPont de Nemours in the first quarter worth $821,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DD shares. Citigroup raised their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Barclays lowered their price objective on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Mizuho lowered their price objective on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Stock Performance

DD stock traded up $0.36 during midday trading 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 firm has a market capitalization 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. The stock has a 50-day simple moving average of $72.65 and a 200 day simple moving average of $72.13. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations 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 revenue was down 6.6% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. DuPont de Nemours’s payout ratio is presently 163.44%.

About DuPont de Nemours

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.