2,746 Shares in DuPont de Nemours, Inc. (NYSE:DD) Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,746 shares of the basic materials company’s stock, valued at approximately $211,000.

Several other hedge funds have also recently added to or reduced their stakes in DD. Fairfield Bush & CO. acquired a new stake in DuPont de Nemours in the first quarter worth $50,000. United Bank increased its position in shares of DuPont de Nemours by 7.6% in the 1st quarter. United Bank now owns 11,482 shares of the basic materials company’s stock valued at $845,000 after buying an additional 810 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in DuPont de Nemours during the 1st quarter worth $195,000. Blair William & Co. IL lifted its holdings in DuPont de Nemours by 0.9% during the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after acquiring an additional 866 shares in the last quarter. Finally, Prudential PLC bought a new position in DuPont de Nemours during the first quarter worth about $821,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.6 %

Shares of DD stock opened at $73.53 on Friday. The firm’s fifty day moving average price is $72.53 and its two-hundred day moving average price is $72.13. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $78.74. The firm has a market capitalization of $30.74 billion, a P/E ratio of 79.07, a PEG ratio of 2.40 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. DuPont de Nemours’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 earnings per share. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced 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 dividend yield of 2.07%. DuPont de Nemours’s dividend payout ratio is presently 163.44%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DD. Barclays dropped their price target on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Citigroup upped their price target on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Wolfe Research initiated coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, Bank of America cut shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price objective for the company from $78.00 to $80.00 in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.90.

Insider Buying and Selling

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is owned by corporate insiders.

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.