Patrick M Sweeney & Associates Inc. Makes New Investment in DuPont de Nemours, Inc. (NYSE:DD)

Patrick M Sweeney & Associates Inc. bought a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, HoldingsChannel reports. The fund bought 3,277 shares of the basic materials company’s stock, valued at approximately $252,000.

A number of other large investors have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its stake in shares of DuPont de Nemours by 25.3% during the third quarter. Stratos Wealth Partners LTD. now owns 10,113 shares of the basic materials company’s stock valued at $754,000 after purchasing an additional 2,044 shares during the period. Lindbrook Capital LLC grew its stake in DuPont de Nemours by 12.8% in the 3rd quarter. Lindbrook Capital LLC now owns 2,845 shares of the basic materials company’s stock worth $212,000 after acquiring an additional 322 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in DuPont de Nemours by 57.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 14,339 shares of the basic materials company’s stock worth $1,070,000 after acquiring an additional 5,231 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of DuPont de Nemours by 1.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,727 shares of the basic materials company’s stock worth $6,245,000 after acquiring an additional 1,531 shares during the period. Finally, Brighton Jones LLC raised its stake in shares of DuPont de Nemours by 9.5% during the third quarter. Brighton Jones LLC now owns 4,966 shares of the basic materials company’s stock valued at $370,000 after acquiring an additional 431 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 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 accessible through this link. Also, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

DuPont de Nemours Stock Up 1.0 %

DD stock traded up $0.76 on Tuesday, hitting $79.29. 1,877,421 shares of the company’s stock were exchanged, compared to its average volume of 3,013,588. The firm has a 50 day moving average price of $74.10 and a two-hundred day moving average price of $72.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 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 $79.63. The stock has a market cap of $33.15 billion, a P/E ratio of 96.46, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.65 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. DuPont de Nemours’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.61 EPS 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. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analyst Ratings Changes

Several research analysts have commented on the company. Barclays raised their price objective on DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. Wolfe Research started coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Mizuho boosted their price target on shares of DuPont de Nemours from $76.00 to $83.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Bank of America downgraded 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, Wells Fargo & Company boosted their price objective on shares of 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 analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Hold” and an average target price of $80.00.

About DuPont de Nemours

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.