SPC Financial Inc. Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

SPC Financial Inc. lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,011 shares of the basic materials company’s stock after buying an additional 151 shares during the period. SPC Financial Inc.’s holdings in DuPont de Nemours were worth $614,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. City State Bank boosted its position in shares of DuPont de Nemours by 3.9% during the fourth 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 during the last quarter. Triangle Securities Wealth Management boosted its position in shares of DuPont de Nemours by 0.7% during the first 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 during the last quarter. Personal CFO Solutions LLC boosted its position in DuPont de Nemours by 2.5% in the fourth quarter. Personal CFO Solutions LLC now owns 6,327 shares of the basic materials company’s stock worth $487,000 after purchasing an additional 153 shares during the last quarter. Thoroughbred Financial Services LLC boosted its position in DuPont de Nemours by 2.8% in the fourth quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company’s stock worth $461,000 after purchasing an additional 162 shares during the last quarter. Finally, CHICAGO TRUST Co NA boosted its position in DuPont de Nemours by 0.9% in the first quarter. CHICAGO TRUST Co NA now owns 18,741 shares of the basic materials company’s stock worth $1,437,000 after purchasing an additional 166 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DD has been the topic of several research reports. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Barclays raised their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, UBS Group raised their target price on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.09.

DuPont de Nemours Price Performance

DD traded up $1.14 on Thursday, hitting $80.71. 2,116,615 shares of the company’s stock traded hands, compared to its average volume of 2,853,149. The company’s 50 day simple moving average is $79.75 and its 200-day simple moving average is $74.92. The firm has a market cap of $33.74 billion, a price-to-earnings ratio of 97.03, a P/E/G ratio of 2.48 and a beta of 1.34. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $82.63. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32.

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

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction that occurred on Monday, May 6th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other 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 transaction of $104,883.87. Following the transaction, the insider now owns 14,012 shares of the company’s stock, valued at approximately $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 the business’s stock in a transaction that occurred 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 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. Corporate 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.