National Bank of Canada FI Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

National Bank of Canada FI boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 40.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 224,843 shares of the basic materials company’s stock after purchasing an additional 64,815 shares during the quarter. National Bank of Canada FI owned approximately 0.05% of DuPont de Nemours worth $17,706,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Lake Street Advisors Group LLC increased its holdings in DuPont de Nemours by 31.6% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,884 shares of the basic materials company’s stock worth $298,000 after purchasing an additional 933 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of DuPont de Nemours by 304.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 18,351 shares of the basic materials company’s stock worth $1,407,000 after acquiring an additional 13,814 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of DuPont de Nemours by 3.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 338,233 shares of the basic materials company’s stock worth $25,932,000 after acquiring an additional 12,611 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its position in shares of DuPont de Nemours by 1.2% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 13,094 shares of the basic materials company’s stock worth $1,004,000 after acquiring an additional 150 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in shares of DuPont de Nemours by 8.7% during the 1st quarter. Bahl & Gaynor Inc. now owns 4,265 shares of the basic materials company’s stock worth $327,000 after acquiring an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the transaction, the insider now directly owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now directly owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

DD has been the subject of several analyst reports. Barclays upped their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and upped their target price for the company from $78.00 to $101.00 in a research report on Friday, May 17th. JPMorgan Chase & Co. upped their target price on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Finally, UBS Group upped their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $91.00.

DuPont de Nemours Stock Performance

DD traded down $0.59 on Wednesday, hitting $79.59. 1,577,891 shares of the company traded hands, compared to its average volume of 2,776,685. The company has a 50 day moving average of $80.18 and a 200-day moving average of $75.19. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $33.28 billion, a PE ratio of 97.06, a PEG ratio of 2.51 and a beta of 1.34. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $82.63.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

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.