Kovack Advisors Inc. Has $400,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Kovack Advisors Inc. raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 24.5% in the 1st quarter, Holdings Channel reports. The firm owned 5,219 shares of the basic materials company’s stock after acquiring an additional 1,026 shares during the period. Kovack Advisors Inc.’s holdings in DuPont de Nemours were worth $400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after acquiring an additional 3,168,740 shares during the last quarter. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $111,980,000. Great Lakes Advisors LLC increased its position in DuPont de Nemours by 156.6% during the 4th quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock worth $56,772,000 after purchasing an additional 450,422 shares in the last quarter. Nuance Investments LLC acquired a new position in DuPont de Nemours during the 4th quarter worth approximately $24,785,000. Finally, International Assets Investment Management LLC lifted its stake in DuPont de Nemours by 9,558.5% in the 4th quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock valued at $21,934,000 after purchasing an additional 282,166 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other DuPont de Nemours news, 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 transaction, the insider now directly 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 SEC, which is available through this link. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction on 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 sale, 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 at the SEC website. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction dated Monday, May 6th. The stock was 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 in the company, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DD shares. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $103.00 in a report on Friday, May 24th. JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price target for the company from $78.00 to $101.00 in a research note on Friday, May 17th. Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $95.00 in a report on Tuesday, May 28th. Finally, BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.09.

DuPont de Nemours Stock Down 0.2 %

DuPont de Nemours stock opened at $79.19 on Friday. The firm has a market cap of $33.11 billion, a price-to-earnings ratio of 96.57, a PEG ratio of 2.47 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $82.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The firm has a 50 day moving average price of $79.38 and a two-hundred day moving average price of $74.78.

DuPont de Nemours (NYSE:DD) last announced 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 business had revenue of $2.93 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 earnings per share. Equities analysts predict that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. DuPont de Nemours’s payout ratio is 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.