GAMMA Investing LLC Makes New Investment in DuPont de Nemours, Inc. (NYSE:DD)

GAMMA Investing LLC purchased a new position in DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 3,321 shares of the basic materials company’s stock, valued at approximately $255,000.

Several other institutional investors also recently modified their holdings of the company. Peoples Bank KS bought a new position in DuPont de Nemours in the third quarter valued at approximately $25,000. Carmel Capital Partners LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter valued at about $36,000. AlphaMark Advisors LLC acquired a new position in DuPont de Nemours during the 4th quarter worth approximately $41,000. Grove Bank & Trust raised its stake in shares of DuPont de Nemours by 55.1% in the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 188 shares during the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD stock opened at $73.49 on Friday. The company has a market cap of $30.72 billion, a P/E ratio of 79.02, a PEG ratio of 2.42 and a beta of 1.40. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $78.74. The stock’s 50-day moving average is $73.13 and its 200 day moving average is $72.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73.

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

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.07%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s payout ratio is currently 163.44%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DD. Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and upped their target price for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Wells Fargo & Company boosted their target price on DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Citigroup lifted their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Hold” and an average target price of $77.90.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

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.