Davis R M Inc. Has $562,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Davis R M Inc. boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,335 shares of the basic materials company’s stock after buying an additional 237 shares during the period. Davis R M Inc.’s holdings in DuPont de Nemours were worth $562,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. CHURCHILL MANAGEMENT Corp bought a new position in DuPont de Nemours in the 4th quarter valued at $1,859,000. Premier Path Wealth Partners LLC bought a new position in DuPont de Nemours in the 4th quarter valued at $1,031,000. abrdn plc grew its stake in DuPont de Nemours by 30.9% in the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after purchasing an additional 95,505 shares during the period. Ontario Teachers Pension Plan Board bought a new position in DuPont de Nemours in the 4th quarter valued at $797,000. Finally, Red Mountain Financial LLC bought a new position in DuPont de Nemours in the 4th quarter valued at $980,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

NYSE DD traded up $0.14 during trading hours on Tuesday, hitting $80.46. The company had a trading volume of 467,168 shares, compared to its average volume of 2,779,332. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $82.63. The firm has a 50 day simple moving average of $80.11 and a 200 day simple moving average of $75.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. The firm has a market capitalization of $33.64 billion, a price-to-earnings ratio of 97.60, a PEG ratio of 2.48 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly 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. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the firm posted $0.84 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.89%. DuPont de Nemours’s payout ratio is currently 185.37%.

Insider Buying and Selling at DuPont de Nemours

In related news, 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 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 sale was disclosed in a legal filing 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 dated 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Leland Weaver sold 18,500 shares of the firm’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 transaction, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DD. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. Citigroup cut their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Barclays increased their price target on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price target for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Finally, BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price 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.