MUFG Securities EMEA plc Invests $5 Million in DuPont de Nemours, Inc. (NYSE:DD)

MUFG Securities EMEA plc purchased a new position in DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, HoldingsChannel reports. The fund purchased 64,999 shares of the basic materials company’s stock, valued at approximately $5,000,000.

Several other institutional investors have also recently made changes to their positions in DD. Norges Bank purchased a new position in DuPont de Nemours in the fourth quarter worth $111,980,000. Invesco Ltd. grew its position in DuPont de Nemours by 6.7% in the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after acquiring an additional 639,246 shares in the last quarter. Great Lakes Advisors LLC grew its position in DuPont de Nemours by 156.6% in the fourth quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock worth $56,772,000 after acquiring an additional 450,422 shares in the last quarter. Nuance Investments LLC purchased a new position in DuPont de Nemours in the fourth quarter worth $24,785,000. Finally, International Assets Investment Management LLC grew its position in DuPont de Nemours by 9,558.5% in the fourth quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock worth $21,934,000 after acquiring an additional 282,166 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. Insiders sold a total of 22,193 shares of company stock valued at $1,726,655 over the last three months. Corporate insiders own 0.56% of the company’s stock.

DuPont de Nemours Trading Up 2.8 %

Shares of DuPont de Nemours stock traded up $2.19 during trading on Friday, reaching $81.12. 6,825,618 shares of the stock were exchanged, compared to its average volume of 2,781,162. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $76.32 and its 200 day moving average is $72.93. The firm has a market cap of $33.92 billion, a price-to-earnings ratio of 98.93, a price-to-earnings-growth ratio of 2.34 and a beta of 1.39. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $81.29.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. DuPont de Nemours’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s payout ratio is currently 185.37%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DD shares. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and upped their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. JPMorgan Chase & Co. upped their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Wolfe Research started coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Barclays upped their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the company an “equal weight” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $88.50.

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.