&Partners Increases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

&Partners increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 46.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,924 shares of the basic materials company’s stock after buying an additional 2,523 shares during the quarter. &Partners’ holdings in DuPont de Nemours were worth $608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DD. Northwest Financial Advisors purchased a new position in shares of DuPont de Nemours during the 4th quarter worth about $25,000. Cassady Schiller Wealth Management LLC grew its stake in shares of DuPont de Nemours by 153.5% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after buying an additional 261 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth $40,000. AlphaMark Advisors LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth $41,000. Finally, Grove Bank & Trust boosted its holdings in DuPont de Nemours by 55.1% in the fourth 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 last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction dated 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 owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Michael G. Goss sold 1,339 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction on Monday, May 6th. The stock was 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 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. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $95.00 in a report on Tuesday, May 28th. Barclays boosted their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Mizuho upped their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.09.

DuPont de Nemours Price Performance

DD opened at $79.83 on Monday. The company has a market capitalization of $33.38 billion, a P/E ratio of 97.35, a PEG ratio of 2.49 and a beta of 1.36. The company has a 50-day moving average of $78.24 and a 200-day moving average of $74.31. 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 1-year low of $61.14 and a 1-year high of $82.63.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data 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 return on equity of 6.07% and a net margin of 2.75%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the company earned $0.84 earnings per share. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. Equities analysts expect that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend was Friday, May 31st. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

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.