7,491 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC bought a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, Holdings Channel.com reports. The fund bought 7,491 shares of the basic materials company’s stock, valued at approximately $576,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. grew its stake in shares of DuPont de Nemours by 6.7% in the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after acquiring an additional 639,246 shares during the last quarter. Northern Trust Corp grew its position in DuPont de Nemours by 2.0% in the 3rd quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company’s stock worth $391,295,000 after purchasing an additional 104,141 shares during the last quarter. Empower Advisory Group LLC increased its holdings in shares of DuPont de Nemours by 1.3% during the 3rd quarter. Empower Advisory Group LLC now owns 1,266,212 shares of the basic materials company’s stock worth $94,447,000 after purchasing an additional 16,293 shares during the period. Strs Ohio raised its position in shares of DuPont de Nemours by 2.1% during the fourth quarter. Strs Ohio now owns 995,743 shares of the basic materials company’s stock valued at $76,602,000 after buying an additional 20,101 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of DuPont de Nemours by 12.7% in the fourth quarter. Russell Investments Group Ltd. now owns 900,919 shares of the basic materials company’s stock valued at $69,339,000 after buying an additional 101,685 shares during the period. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded down $0.08 during trading hours on Friday, hitting $77.67. 2,391,431 shares of the stock were exchanged, compared to its average volume of 2,373,408. The stock has a market capitalization of $32.47 billion, a P/E ratio of 94.72, a P/E/G ratio of 2.48 and a beta of 1.39. The business’s 50-day moving average is $73.93 and its two-hundred day moving average is $72.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.33. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $79.19.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.61 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Friday, May 31st. This represents a $1.52 annualized dividend and a yield of 1.96%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly 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 SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

DD has been the subject of several recent research reports. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Wolfe Research started coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Barclays lifted their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Thursday. Bank of America cut shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and increased their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. Finally, TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $80.00.

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.