Wrapmanager Inc. Purchases 356 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Wrapmanager Inc. increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 5.4% in the 4th quarter, HoldingsChannel reports. The fund owned 6,904 shares of the basic materials company’s stock after purchasing an additional 356 shares during the period. Wrapmanager Inc.’s holdings in DuPont de Nemours were worth $531,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Peoples Bank KS purchased a new stake in DuPont de Nemours during the 3rd quarter worth about $25,000. Carmel Capital Partners LLC bought a new position in shares of DuPont de Nemours in the third quarter valued at approximately $36,000. AlphaMark Advisors LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at approximately $41,000. Grove Bank & Trust increased its holdings in DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 188 shares during the period. Finally, Arlington Trust Co LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $44,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Up 0.8 %

DD stock traded up $0.60 during trading on Thursday, reaching $78.80. The company had a trading volume of 2,608,452 shares, compared to its average volume of 3,002,383. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $79.63. The business has a 50 day moving average of $74.46 and a 200 day moving average of $72.20. The company has a market cap of $32.95 billion, a P/E ratio of 95.40, a PEG ratio of 2.26 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.52 annualized dividend and a dividend yield of 1.93%. DuPont de Nemours’s payout ratio is 185.37%.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the company’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 transaction, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours 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 of the company’s stock, valued at $1,134,733.60. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent analyst reports. TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price objective for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Finally, Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.