Gamco Investors INC. ET AL Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Gamco Investors INC. ET AL decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.9% in the first quarter, HoldingsChannel reports. The firm owned 175,037 shares of the basic materials company’s stock after selling 7,033 shares during the quarter. Gamco Investors INC. ET AL’s holdings in DuPont de Nemours were worth $13,420,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. abrdn plc increased its holdings in shares of DuPont de Nemours by 30.9% in the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after buying an additional 95,505 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $797,000. Red Mountain Financial LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $980,000. Mediolanum International Funds Ltd purchased a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $2,842,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of DuPont de Nemours by 6.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock worth $1,198,000 after purchasing an additional 982 shares during the period. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and raised their price target for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Mizuho increased their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. Finally, Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $91.00.

DuPont de Nemours Stock Up 1.5 %

DuPont de Nemours stock traded up $1.15 during midday trading on Friday, hitting $80.18. 3,004,481 shares of the company’s stock were exchanged, compared to its average volume of 1,685,700. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The company has a market cap of $33.52 billion, a PE ratio of 97.78, a P/E/G ratio of 2.47 and a beta of 1.34. The firm has a 50-day moving average of $80.21 and a two-hundred day moving average of $75.24. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $82.63.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results 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 business 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 business’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business posted $0.84 EPS. As a group, analysts expect that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the company’s 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 transaction, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,097,559.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. 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.