Drive Wealth Management LLC Buys Shares of 3,130 DuPont de Nemours, Inc. (NYSE:DD)

Drive Wealth Management LLC bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,130 shares of the basic materials company’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DD. Fairfield Bush & CO. purchased a new position in shares of DuPont de Nemours during the first quarter worth about $50,000. United Bank grew its holdings in shares of DuPont de Nemours by 7.6% during the first quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after purchasing an additional 810 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of DuPont de Nemours during the first quarter worth about $195,000. Blair William & Co. IL grew its holdings in shares of DuPont de Nemours by 0.9% during the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after purchasing an additional 866 shares in the last quarter. Finally, Prudential PLC bought a new stake in DuPont de Nemours in the 1st quarter worth approximately $821,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $76.81 on Wednesday. The firm has a market cap of $32.07 billion, a PE ratio of 82.59, a price-to-earnings-growth ratio of 2.54 and a beta of 1.40. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The business has a 50 day moving average price of $69.83 and a 200-day moving average price of $72.00.

DuPont de Nemours (NYSE:DDGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the firm posted $0.89 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. Equities research analysts predict that DuPont de Nemours, Inc. will post 3.46 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.38 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Analyst Upgrades and Downgrades

DD has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Wolfe Research initiated coverage on DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Wells Fargo & Company downgraded DuPont de Nemours from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $85.00 to $69.00 in a research report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. boosted their target price on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $76.60.

Read Our Latest Stock Report on DD

Insider Buying and Selling

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

About DuPont de Nemours

(Free Report)

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.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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