2,326 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. purchased a new position in DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,326 shares of the basic materials company’s stock, valued at approximately $179,000.

A number of other institutional investors also recently added to or reduced their stakes in DD. Moneta Group Investment Advisors LLC raised its position in DuPont de Nemours by 114,597.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after purchasing an additional 11,960,552 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of DuPont de Nemours by 19.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after purchasing an additional 1,261,028 shares during the period. Norges Bank acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $65,712,000. Barclays PLC grew its stake in shares of DuPont de Nemours by 162.4% during the 2nd quarter. Barclays PLC now owns 1,293,781 shares of the basic materials company’s stock worth $92,427,000 after purchasing an additional 800,685 shares during the period. Finally, Invesco Ltd. grew its stake in shares of DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after purchasing an additional 639,246 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded up $0.36 during trading hours on Friday, reaching $73.89. The stock had a trading volume of 2,341,993 shares, compared to its average volume of 1,876,876. The business’s fifty day moving average is $72.65 and its two-hundred day moving average is $72.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The company has a market cap of $30.89 billion, a price-to-earnings ratio of 79.45, a PEG ratio of 2.44 and a beta of 1.40. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.89 earnings per share. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.48 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.38 dividend. The ex-dividend date is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. DuPont de Nemours’s dividend payout ratio is 163.44%.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. BMO Capital Markets cut shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Citigroup upped their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their target price on shares of DuPont de Nemours from $76.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.90.

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.