Zurcher Kantonalbank Zurich Cantonalbank Purchases 93,191 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 111.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,918 shares of the basic materials company’s stock after purchasing an additional 93,191 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in DuPont de Nemours were worth $13,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairfield Bush & CO. acquired a new stake in DuPont de Nemours in the 1st quarter valued at $50,000. United Bank boosted its stake in DuPont de Nemours by 7.6% in the 1st quarter. United Bank now owns 11,482 shares of the basic materials company’s stock valued at $845,000 after buying an additional 810 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in DuPont de Nemours in the 1st quarter valued at $195,000. Blair William & Co. IL boosted its stake in DuPont de Nemours by 0.9% in the 1st quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock valued at $6,964,000 after buying an additional 866 shares in the last quarter. Finally, Prudential PLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at $821,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on DD shares. Barclays decreased their price target on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Bank of America lowered DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price objective for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. JPMorgan Chase & Co. boosted their price objective on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Wolfe Research assumed coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Trading Up 0.6 %

DD stock opened at $73.53 on Friday. The company has a market cap of $30.74 billion, a P/E ratio of 79.07, a PEG ratio of 2.42 and a beta of 1.40. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $72.53 and a 200-day moving average of $72.13.

DuPont de Nemours (NYSE:DD) last released 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 company had revenue of $2.90 billion during 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 firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.89 earnings per share. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.48 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued 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 is presently 163.44%.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction dated 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

DuPont de Nemours 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.