Brookmont Capital Management Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Brookmont Capital Management increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,071 shares of the basic materials company’s stock after buying an additional 971 shares during the period. DuPont de Nemours comprises 2.1% of Brookmont Capital Management’s investment portfolio, making the stock its 15th largest holding. Brookmont Capital Management’s holdings in DuPont de Nemours were worth $4,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DD. City State Bank boosted its holdings in shares of DuPont de Nemours by 3.9% in the 4th quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock valued at $271,000 after buying an additional 132 shares in the last quarter. Triangle Securities Wealth Management boosted its holdings in shares of DuPont de Nemours by 0.7% in the 1st quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock valued at $1,456,000 after buying an additional 134 shares in the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of DuPont de Nemours by 5.3% in the 3rd quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock valued at $209,000 after buying an additional 142 shares in the last quarter. Personal CFO Solutions LLC raised its position in DuPont de Nemours by 2.5% in the 4th quarter. Personal CFO Solutions LLC now owns 6,327 shares of the basic materials company’s stock valued at $487,000 after purchasing an additional 153 shares during the last quarter. Finally, Thoroughbred Financial Services LLC raised its position in DuPont de Nemours by 2.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the sale, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 transaction, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction on 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 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. Corporate insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. Mizuho increased their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. UBS Group increased their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Wolfe Research began coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.09.

DuPont de Nemours Trading Up 0.6 %

NYSE DD traded up $0.51 during mid-day trading on Friday, hitting $80.49. The company’s stock had a trading volume of 3,191,972 shares, compared to its average volume of 2,932,878. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $82.63. The stock’s fifty day simple moving average is $78.81 and its two-hundred day simple moving average is $74.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The firm has a market capitalization of $33.65 billion, a P/E ratio of 98.13, a price-to-earnings-growth ratio of 2.50 and a beta of 1.36.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. Research analysts expect that DuPont de Nemours, Inc. will post 3.63 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s payout ratio is currently 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.