Flputnam Investment Management Co. Invests $211,000 in DuPont de Nemours, Inc. (NYSE:DD)

Flputnam Investment Management Co. bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,746 shares of the basic materials company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also bought and sold shares of DD. Moneta Group Investment Advisors LLC raised its holdings in shares of DuPont de Nemours by 114,597.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after purchasing an additional 11,960,552 shares during the period. Invesco Ltd. grew its stake in shares of DuPont de Nemours by 6.7% in the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after buying an additional 639,246 shares during the period. Nuveen Asset Management LLC increased its position in DuPont de Nemours by 19.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock valued at $550,413,000 after buying an additional 1,261,028 shares in the last quarter. Morgan Stanley raised its stake in DuPont de Nemours by 6.9% during the 4th quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock worth $528,241,000 after buying an additional 498,633 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in DuPont de Nemours by 0.8% in the second quarter. Macquarie Group Ltd. now owns 7,279,781 shares of the basic materials company’s stock worth $404,619,000 after acquiring an additional 58,814 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Up 0.6 %

DuPont de Nemours stock opened at $73.53 on Friday. 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 firm’s 50-day simple moving average is $72.53 and its 200 day simple moving average is $72.13. The stock has a market cap of $30.74 billion, a PE ratio of 79.07, a price-to-earnings-growth ratio of 2.40 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. Research analysts predict that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.07%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Mizuho decreased their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price target for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Wolfe Research initiated coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $77.90.

Insider Activity

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.

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.