DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC increased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.2% during the 1st quarter, HoldingsChannel reports. The fund owned 5,577 shares of the basic materials company’s stock after acquiring an additional 227 shares during the quarter. Insigneo Advisory Services LLC’s holdings in DuPont de Nemours were worth $416,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DD. Brighton Jones LLC lifted its stake in shares of DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock worth $382,000 after acquiring an additional 822 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of DuPont de Nemours by 30.0% in the fourth quarter. Principal Securities Inc. now owns 2,992 shares of the basic materials company’s stock worth $228,000 after acquiring an additional 691 shares in the last quarter. Allworth Financial LP increased its holdings in DuPont de Nemours by 17.3% in the fourth quarter. Allworth Financial LP now owns 11,956 shares of the basic materials company’s stock valued at $928,000 after buying an additional 1,763 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in DuPont de Nemours by 4.3% in the fourth quarter. J.W. Cole Advisors Inc. now owns 4,848 shares of the basic materials company’s stock valued at $370,000 after buying an additional 201 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in DuPont de Nemours by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 66,039 shares of the basic materials company’s stock valued at $5,035,000 after buying an additional 2,821 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DD. Wells Fargo & Company decreased their target price on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. KeyCorp boosted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Mizuho lowered their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Finally, Bank of America upgraded shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $85.92.

DuPont de Nemours Stock Performance

Shares of DD opened at $66.81 on Thursday. The company has a market cap of $27.96 billion, a price-to-earnings ratio of -351.62, a price-to-earnings-growth ratio of 1.91 and a beta of 1.05. The firm has a fifty day moving average of $66.11 and a 200-day moving average of $73.12. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Friday, May 30th. DuPont de Nemours’s payout ratio is currently -863.16%.

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.