Empirical Finance LLC Purchases 505 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Empirical Finance LLC boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,138 shares of the basic materials company’s stock after purchasing an additional 505 shares during the period. Empirical Finance LLC’s holdings in DuPont de Nemours were worth $1,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Northwest Financial Advisors purchased a new position in DuPont de Nemours in the fourth quarter worth $25,000. Palisade Asset Management LLC purchased a new position in DuPont de Nemours in the first quarter worth $25,000. LifeSteps Financial Inc. purchased a new position in DuPont de Nemours in the first quarter worth $28,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the first quarter worth $33,000. Finally, Cassady Schiller Wealth Management LLC grew its holdings in DuPont de Nemours by 153.5% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 261 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Leland Weaver sold 18,500 shares of the company’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 transaction of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the company’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 transaction of $104,883.87. Following the transaction, the insider now directly owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

DuPont de Nemours Trading Up 0.2 %

NYSE DD opened at $80.88 on Friday. The firm has a market cap of $33.82 billion, a PE ratio of 98.64, a P/E/G ratio of 2.52 and a beta of 1.34. The firm’s fifty day moving average is $79.87 and its two-hundred day moving average is $75.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year 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 for the quarter, beating the consensus estimate of $0.65 by $0.14. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Analysts expect that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DD shares. Mizuho lifted their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. lifted their price objective on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. UBS Group lifted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. Finally, Barclays boosted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $91.00.

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.