St. Johns Investment Management Company LLC Acquires 1,397 Shares of DuPont de Nemours, Inc. (NYSE:DD)

St. Johns Investment Management Company LLC boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,825 shares of the basic materials company’s stock after acquiring an additional 1,397 shares during the period. St. Johns Investment Management Company LLC’s holdings in DuPont de Nemours were worth $753,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DD. Northwest Financial Advisors bought a new position in DuPont de Nemours in the fourth quarter valued at about $25,000. Cassady Schiller Wealth Management LLC boosted its holdings in DuPont de Nemours by 153.5% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 261 shares during the last quarter. Neo Ivy Capital Management bought a new position in DuPont de Nemours in the fourth quarter valued at about $40,000. AlphaMark Advisors LLC bought a new position in DuPont de Nemours in the fourth quarter valued at about $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. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DD. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and increased their target price for the company from $78.00 to $101.00 in a research note on Friday, May 17th. Mizuho increased their target price on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Finally, Wolfe Research assumed coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $91.09.

DuPont de Nemours Stock Down 0.6 %

DD stock opened at $80.01 on Thursday. 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 business has a 50 day moving average price of $78.68 and a two-hundred day moving average price of $74.49. The company has a market cap of $33.45 billion, a price-to-earnings ratio of 97.57, a P/E/G ratio of 2.51 and a beta of 1.36. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $82.63.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results 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 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 the consensus estimate of $2.81 billion. During the same period last year, the company earned $0.84 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Analysts anticipate that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

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

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred on 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 transaction, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred on 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 transaction, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction that occurred 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 sale, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

DuPont de Nemours Company 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.