DuPont de Nemours, Inc. (NYSE:DD) Holdings Lifted by Bank OZK

Bank OZK boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,244 shares of the basic materials company’s stock after buying an additional 1,665 shares during the quarter. Bank OZK’s holdings in DuPont de Nemours were worth $1,557,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Lido Advisors LLC lifted its stake in DuPont de Nemours by 10.4% in the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after acquiring an additional 1,609 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in DuPont de Nemours in the 4th quarter worth about $1,859,000. Premier Path Wealth Partners LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth about $1,031,000. abrdn plc lifted 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 worth $31,141,000 after acquiring an additional 95,505 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in DuPont de Nemours in the 4th quarter worth about $2,000,000. Institutional investors own 73.96% of the company’s stock.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on DD. Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price target for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. Royal Bank of Canada increased their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Barclays lowered their price objective on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Finally, Wells Fargo & Company increased their price objective on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $77.90.

DuPont de Nemours Price Performance

DD stock traded up $0.21 during trading on Friday, hitting $73.71. The company had a trading volume of 2,144,799 shares, compared to its average volume of 1,871,810. The company has a fifty day moving average price of $73.23 and a two-hundred day moving average price of $72.12. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The company has a market cap of $30.82 billion, a P/E ratio of 79.26, a P/E/G ratio of 2.41 and a beta of 1.40. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) 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 business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

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.