Bahl & Gaynor Inc. Acquires 342 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Bahl & Gaynor Inc. lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,265 shares of the basic materials company’s stock after purchasing an additional 342 shares during the quarter. Bahl & Gaynor Inc.’s holdings in DuPont de Nemours were worth $327,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Northwest Financial Advisors purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $25,000. Palisade Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the first quarter worth about $25,000. ESL Trust Services LLC bought a new position in DuPont de Nemours in the first quarter worth about $26,000. LifeSteps Financial Inc. bought a new position in DuPont de Nemours in the first quarter worth about $28,000. Finally, Byrne Asset Management LLC bought a new position in DuPont de Nemours in the first quarter worth about $33,000. Institutional investors own 73.96% of the company’s stock.

Insider Activity

In other news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the sale, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DD shares. Barclays raised their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Mizuho raised their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $103.00 in a report on Friday, May 24th. Finally, Citigroup reduced their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $91.00.

DuPont de Nemours Trading Up 0.2 %

DD stock traded up $0.20 during mid-day trading on Wednesday, reaching $80.38. 499,683 shares of the stock traded hands, compared to its average volume of 2,768,858. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $82.63. The stock has a market capitalization of $33.61 billion, a PE ratio of 97.78, a PEG ratio of 2.51 and a beta of 1.34. The business has a 50-day moving average price of $80.15 and a two-hundred day moving average price of $75.16.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

DuPont de Nemours 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.