34,205 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by Duality Advisers LP

Duality Advisers LP purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 34,205 shares of the basic materials company's stock, valued at approximately $2,631,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. Klingenstein Fields & Co. LP increased its holdings in DuPont de Nemours by 1.7% during the 4th quarter. Klingenstein Fields & Co. LP now owns 250,346 shares of the basic materials company's stock worth $19,259,000 after purchasing an additional 4,263 shares during the period. Criterion Capital Advisors LLC purchased a new position in DuPont de Nemours during the 4th quarter worth $66,000. Verdence Capital Advisors LLC increased its holdings in DuPont de Nemours by 17.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 16,838 shares of the basic materials company's stock worth $1,295,000 after purchasing an additional 2,499 shares during the period. DT Investment Partners LLC increased its holdings in DuPont de Nemours by 3.5% during the 4th quarter. DT Investment Partners LLC now owns 175,391 shares of the basic materials company's stock worth $13,493,000 after purchasing an additional 5,934 shares during the period. Finally, abrdn plc increased its holdings in DuPont de Nemours by 30.9% during the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company's stock worth $31,141,000 after purchasing an additional 95,505 shares during the period. 73.96% of the stock is owned by institutional investors.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 15,587 shares of the company's stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.56% of the company's stock.

DuPont de Nemours Stock Performance

Shares of DD stock traded up $0.02 on Monday, hitting $73.91. The company had a trading volume of 1,491,908 shares, compared to its average volume of 3,073,234. The firm has a market cap of $30.90 billion, a P/E ratio of 79.47, a price-to-earnings-growth ratio of 2.44 and a beta of 1.40. The company has a 50-day moving average price of $72.76 and a 200-day moving average price of $72.12. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced 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. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the previous year, the business earned $0.89 EPS. DuPont de Nemours's revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DD shares. Bank of America downgraded DuPont de Nemours from a "buy" rating to an "underperform" rating and lifted their price target for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. BMO Capital Markets downgraded DuPont de Nemours from an "outperform" rating to a "market perform" rating and cut their price target for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. 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 report on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price target on DuPont de Nemours from $76.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company boosted their target price on DuPont de Nemours from $69.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 11th. One research 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. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of "Hold" and an average target price of $77.90.

DuPont de Nemours 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.