Natixis Advisors L.P. Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Natixis Advisors L.P. boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,348 shares of the basic materials company’s stock after acquiring an additional 3,636 shares during the quarter. Natixis Advisors L.P. owned 0.14% of DuPont de Nemours worth $46,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DD. City State Bank increased its stake in shares of DuPont de Nemours by 3.9% in the 4th quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock worth $271,000 after purchasing an additional 132 shares in the last quarter. Laurel Wealth Advisors LLC lifted its position in DuPont de Nemours by 5.3% during the third quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 142 shares during the period. Personal CFO Solutions LLC lifted its position in DuPont de Nemours by 2.4% during the third quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 147 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in DuPont de Nemours by 0.4% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 36,787 shares of the basic materials company’s stock valued at $2,744,000 after purchasing an additional 160 shares during the period. Finally, Financial Counselors Inc. increased its holdings in DuPont de Nemours by 1.0% in the third quarter. Financial Counselors Inc. now owns 16,139 shares of the basic materials company’s stock valued at $1,204,000 after buying an additional 164 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DD shares. Citigroup upped their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday. Wolfe Research started coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. Royal Bank of Canada lifted their price target on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $80.00 to $72.00 in a research report on Wednesday, January 24th. 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’s stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Hold” and an average target price of $80.00.

DuPont de Nemours Price Performance

Shares of DD traded down $0.08 during trading hours on Friday, hitting $77.67. 2,391,431 shares of the company were exchanged, compared to its average volume of 2,373,408. The company has a market capitalization of $32.47 billion, a PE ratio of 94.77, a PEG ratio of 2.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.73. The firm has a fifty day simple moving average of $73.93 and a 200-day simple moving average of $72.12. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $79.19.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.65 by $0.14. The business 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%. DuPont de Nemours’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.59 earnings per share for the current 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 given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.96%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

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.