600 Shares in DuPont de Nemours, Inc. (NYSE:DD) Bought by Roble Belko & Company Inc

Roble Belko & Company Inc bought a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, Holdings Channel reports. The fund bought 600 shares of the basic materials company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Peoples Bank KS acquired a new position in DuPont de Nemours in the third quarter valued at $25,000. Carmel Capital Partners LLC acquired a new position in DuPont de Nemours in the third quarter valued at $36,000. AlphaMark Advisors LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at $41,000. 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. Finally, Arlington Trust Co LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on DD shares. Barclays reduced their target price on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Citigroup boosted their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Bank of America cut DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price objective for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. BMO Capital Markets cut DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $80.00 to $72.00 in a research note on Wednesday, January 24th. Finally, TheStreet cut DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $77.90.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by corporate insiders.

DuPont de Nemours Stock Down 0.2 %

Shares of NYSE DD traded down $0.18 during midday trading on Tuesday, reaching $73.73. 713,490 shares of the company’s stock were exchanged, compared to its average volume of 3,042,573. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $78.74. The stock has a market capitalization of $30.82 billion, a PE ratio of 79.47, a price-to-earnings-growth ratio of 2.44 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The business’s fifty day moving average price is $72.76 and its two-hundred day moving average price is $72.12.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. Analysts forecast that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Dividend Announcement

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

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.