DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by ING Groep NV

ING Groep NV boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 107.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,874 shares of the basic materials company’s stock after buying an additional 151,243 shares during the period. ING Groep NV owned 0.07% of DuPont de Nemours worth $22,454,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of DuPont de Nemours by 6.7% in the third 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 in the last quarter. Great Lakes Advisors LLC grew its stake in shares of DuPont de Nemours by 156.6% in the fourth quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock worth $56,772,000 after purchasing an additional 450,422 shares in the last quarter. Nuance Investments LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $24,785,000. International Assets Investment Management LLC grew its stake in shares of DuPont de Nemours by 9,558.5% in the fourth quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock worth $21,934,000 after purchasing an additional 282,166 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of DuPont de Nemours by 210.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 350,840 shares of the basic materials company’s stock worth $26,169,000 after purchasing an additional 237,770 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction dated 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 sale, 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 can be accessed through this hyperlink. In other news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the sale, the insider now directly owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,193 shares of company stock valued at $1,726,655. Corporate insiders own 0.56% of the company’s stock.

DuPont de Nemours Trading Up 3.0 %

Shares of NYSE DD traded up $2.34 during mid-day trading on Friday, hitting $79.91. 2,772,950 shares of the company traded hands, compared to its average volume of 2,258,662. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $79.92. The stock has a market capitalization of $33.41 billion, a price-to-earnings ratio of 97.45, a PEG ratio of 2.24 and a beta of 1.39. 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 business has a 50 day moving average of $75.67 and a two-hundred day moving average of $72.51.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business posted $0.84 earnings per share. DuPont de Nemours’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.64 earnings per share 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. Investors of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.90%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DD shares. Barclays increased their price target on DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 2nd. Royal Bank of Canada raised their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Mizuho raised their target price on DuPont de Nemours from $76.00 to $83.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Wolfe Research assumed coverage on DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Citigroup raised their target price on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Hold” and a consensus target price of $82.10.

About DuPont de Nemours

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.