113,629 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in DuPont de Nemours, Inc. (NYSE:DDFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 113,629 shares of the basic materials company’s stock, valued at approximately $8,742,000.

Several other institutional investors have also recently made changes to their positions in DD. Teacher Retirement System of Texas grew its holdings in DuPont de Nemours by 2.5% in the third quarter. Teacher Retirement System of Texas now owns 35,563 shares of the basic materials company’s stock worth $2,653,000 after purchasing an additional 857 shares during the period. Daiwa Securities Group Inc. grew its position in DuPont de Nemours by 4.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 38,640 shares of the basic materials company’s stock valued at $2,882,000 after purchasing an additional 1,471 shares during the last quarter. Banque Pictet & Cie SA bought a new stake in DuPont de Nemours during the 3rd quarter valued at about $1,108,000. FDx Advisors Inc. raised its holdings in DuPont de Nemours by 41.0% in the third quarter. FDx Advisors Inc. now owns 7,100 shares of the basic materials company’s stock worth $530,000 after buying an additional 2,065 shares during the last quarter. Finally, Empirical Finance LLC lifted its stake in shares of DuPont de Nemours by 7.2% in the third quarter. Empirical Finance LLC now owns 17,648 shares of the basic materials company’s stock worth $1,316,000 after buying an additional 1,188 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 3.0 %

Shares of DD stock opened at $79.91 on Friday. The stock’s fifty day moving average is $75.67 and its two-hundred day moving average is $72.51. The firm has a market capitalization of $33.41 billion, a P/E ratio of 97.45, a PEG ratio of 2.31 and a beta of 1.39. 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 fifty-two week low of $61.14 and a fifty-two week high of $79.92.

DuPont de Nemours (NYSE:DDGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.81 billion. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 EPS. Research analysts expect that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Friday, May 31st. This represents a $1.52 annualized dividend and a dividend yield of 1.90%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

Insider Activity

In related news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Leland Weaver sold 18,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the sale, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,193 shares of company stock worth $1,726,655. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective 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. Barclays raised their target price on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $101.00 in a research note on Friday. Finally, BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their price target for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $82.10.

Get Our Latest Research Report on DuPont de Nemours

DuPont de Nemours Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.