Greenleaf Trust Purchases 2,430 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Greenleaf Trust lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 16.1% in the 4th quarter, Holdings Channel reports. The fund owned 17,518 shares of the basic materials company’s stock after acquiring an additional 2,430 shares during the quarter. Greenleaf Trust’s holdings in DuPont de Nemours were worth $1,348,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DD. Fairfield Bush & CO. bought a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $50,000. United Bank grew its stake 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 worth $845,000 after buying an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $195,000. Blair William & Co. IL grew its stake in shares of DuPont de Nemours by 0.9% in the 1st quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after buying an additional 866 shares during the last quarter. Finally, Prudential PLC purchased a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $821,000. Institutional investors own 73.96% of the company’s stock.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on DD. Wolfe Research began coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Mizuho cut their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Barclays cut 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 note on Monday, February 12th. Citigroup increased 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. Finally, BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their target price for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. 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’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Price Performance

NYSE DD opened at $73.89 on Friday. The business’s fifty day moving average price is $72.65 and its 200-day moving average price is $72.12. The stock has a market capitalization of $30.89 billion, a price-to-earnings ratio of 79.45, a PEG ratio of 2.45 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $78.74.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. DuPont de Nemours’s payout ratio is 163.44%.

DuPont de Nemours Company 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.