Empirical Asset Management LLC Invests $497,000 in DuPont de Nemours, Inc. (NYSE:DD)

Empirical Asset Management LLC acquired a new position in DuPont de Nemours, Inc. (NYSE:DDFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 6,457 shares of the basic materials company’s stock, valued at approximately $497,000.

Several other large investors have also made changes to their positions in the company. City State Bank increased its position in shares of DuPont de Nemours by 3.9% during the 4th quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock valued at $271,000 after purchasing an additional 132 shares during the last quarter. Laurel Wealth Advisors LLC increased its holdings in DuPont de Nemours by 5.3% during the third quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock worth $209,000 after buying an additional 142 shares during the last quarter. Ballast Inc. raised its position in DuPont de Nemours by 1.0% in the third quarter. Ballast Inc. now owns 14,119 shares of the basic materials company’s stock worth $1,053,000 after acquiring an additional 143 shares during the period. Personal CFO Solutions LLC boosted its stake in DuPont de Nemours by 2.4% in the third quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 147 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in shares of DuPont de Nemours by 0.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 36,787 shares of the basic materials company’s stock valued at $2,744,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 76.25% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD traded up $0.55 during mid-day trading on Thursday, reaching $75.06. 1,804,926 shares of the company were exchanged, compared to its average volume of 3,486,886. The stock has a market capitalization of $31.34 billion, a PE ratio of 80.12, a PEG ratio of 2.46 and a beta of 1.39. 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 52 week low of $61.14 and a 52 week high of $78.74. The company’s 50 day moving average price is $69.50 and its 200 day moving average price is $71.97.

DuPont de Nemours (NYSE:DDGet Free Report) last issued 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 during 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%. During the same quarter in the prior year, the firm earned $0.89 earnings per share. DuPont de Nemours’s revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.44 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Wednesday, February 28th. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s dividend payout ratio (DPR) is 163.44%.

Insider Activity

In related news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours 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 sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

DD has been the subject of several recent research reports. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Mizuho cut their price objective on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $80.00 to $72.00 in a report on Wednesday, January 24th. Finally, Wolfe Research started coverage on DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $75.67.

Read Our Latest Stock Analysis on DD

DuPont de Nemours Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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