Coston McIsaac & Partners Increases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Coston McIsaac & Partners lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,059 shares of the basic materials company’s stock after buying an additional 2,295 shares during the period. DuPont de Nemours comprises about 1.7% of Coston McIsaac & Partners’ holdings, making the stock its 18th largest position. Coston McIsaac & Partners’ holdings in DuPont de Nemours were worth $5,217,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of DD. Lido Advisors LLC raised its stake in shares of DuPont de Nemours by 10.4% in the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock valued at $1,270,000 after buying an additional 1,609 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in shares of DuPont de Nemours in the fourth quarter valued at $1,859,000. Premier Path Wealth Partners LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at $1,031,000. abrdn plc raised its stake in shares of DuPont de Nemours by 30.9% during the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after purchasing an additional 95,505 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at $797,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays boosted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and upped their target price for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. UBS Group upped their target price on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $85.00 to $95.00 in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $91.09.

DuPont de Nemours Stock Up 0.6 %

Shares of NYSE:DD traded up $0.51 during trading on Friday, hitting $80.49. The stock had a trading volume of 3,635,560 shares, compared to its average volume of 2,299,359. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $82.63. The company has a market capitalization of $33.65 billion, a PE ratio of 98.16, a PEG ratio of 2.51 and a beta of 1.36. The firm’s fifty day moving average is $78.95 and its 200 day moving average is $74.61. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. DuPont de Nemours’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 business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the 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 sale, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The sale was disclosed in a document filed with the SEC, which is available at this link. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction 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 sale, the insider now owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now 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. Company insiders own 0.56% of the company’s stock.

About DuPont de Nemours

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.