Massmutual Trust Co. FSB ADV Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Massmutual Trust Co. FSB ADV lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,549 shares of the basic materials company’s stock after acquiring an additional 220 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in DuPont de Nemours were worth $205,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DD. Triangle Securities Wealth Management raised its holdings in DuPont de Nemours by 0.7% in 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 period. Penobscot Investment Management Company Inc. raised its holdings in DuPont de Nemours by 1.2% in the first quarter. Penobscot Investment Management Company Inc. now owns 13,094 shares of the basic materials company’s stock valued at $1,004,000 after buying an additional 150 shares during the period. SPC Financial Inc. grew its position in DuPont de Nemours by 1.9% in the first quarter. SPC Financial Inc. now owns 8,011 shares of the basic materials company’s stock valued at $614,000 after acquiring an additional 151 shares in the last quarter. Personal CFO Solutions LLC grew 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 valued at $487,000 after acquiring an additional 153 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew 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 valued at $461,000 after acquiring an additional 162 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred 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 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 legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DD. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Mizuho raised their price target 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. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday. Citigroup decreased their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Finally, Barclays raised their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Price Performance

Shares of DD traded down $1.30 during mid-day trading on Monday, hitting $77.82. The company’s stock had a trading volume of 3,358,139 shares, compared to its average volume of 2,796,246. The firm has a 50-day moving average price of $80.39 and a 200 day moving average price of $75.46. The stock has a market capitalization of $32.54 billion, a price-to-earnings ratio of 93.57, a PEG ratio of 2.54 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.61. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $85.12.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts predict that DuPont de Nemours, Inc. will post 3.69 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

DuPont de Nemours Company 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.