Verdence Capital Advisors LLC Acquires 2,499 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Verdence Capital Advisors LLC boosted its position in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 17.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,838 shares of the basic materials company’s stock after purchasing an additional 2,499 shares during the quarter. Verdence Capital Advisors LLC’s holdings in DuPont de Nemours were worth $1,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Moneta Group Investment Advisors LLC raised its position in DuPont de Nemours by 114,597.6% in the 4th 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 buying an additional 11,960,552 shares during the last quarter. Nuveen Asset Management LLC raised 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 during the last quarter. Norges Bank acquired a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $65,712,000. Barclays PLC increased its position in shares of DuPont de Nemours by 162.4% during the 2nd quarter. Barclays PLC now owns 1,293,781 shares of the basic materials company’s stock worth $92,427,000 after purchasing an additional 800,685 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after purchasing an additional 639,246 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Activity

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

DuPont de Nemours Stock Performance

DD traded up $0.36 during trading on Friday, hitting $73.89. The stock had a trading volume of 2,341,993 shares, compared to its average volume of 1,876,876. The company has a 50 day moving average price of $72.65 and a 200-day moving average price of $72.12. The firm has a market cap of $30.89 billion, a price-to-earnings ratio of 79.45, a P/E/G ratio of 2.45 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $78.74.

DuPont de Nemours (NYSE:DDGet Free Report) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm 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 company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS. As a group, research analysts predict that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. DuPont de Nemours’s payout ratio is 163.44%.

Wall Street Analyst Weigh In

DD has been the topic of several recent analyst reports. Mizuho lowered their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Bank of America lowered DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their target price for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. Barclays decreased their target price on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Citigroup boosted their target price on DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $77.90.

Read Our Latest Stock Report on DuPont de Nemours

DuPont de Nemours Company Profile

(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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