Klingenstein Fields & Co. LP Boosts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Klingenstein Fields & Co. LP boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 250,346 shares of the basic materials company’s stock after buying an additional 4,263 shares during the period. Klingenstein Fields & Co. LP owned 0.06% of DuPont de Nemours worth $19,259,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its position in shares of DuPont de Nemours by 114,597.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after acquiring an additional 11,960,552 shares during the period. Invesco Ltd. increased its position in shares of DuPont de Nemours by 6.7% in the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after acquiring an additional 639,246 shares during the period. Nuveen Asset Management LLC increased its position in shares of DuPont de Nemours by 19.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock valued at $550,413,000 after acquiring an additional 1,261,028 shares during the period. Morgan Stanley increased its position in shares of DuPont de Nemours by 6.9% in the 4th quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock valued at $528,241,000 after acquiring an additional 498,633 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of DuPont de Nemours by 0.8% in the 2nd quarter. Macquarie Group Ltd. now owns 7,279,781 shares of the basic materials company’s stock valued at $404,619,000 after acquiring an additional 58,814 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DD shares. BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $80.00 to $72.00 in a research report on Wednesday, January 24th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Mizuho decreased their price target on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Finally, Barclays decreased their price target on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, DuPont de Nemours has a consensus rating of “Hold” and a consensus target price of $77.90.

DuPont de Nemours Stock Up 0.5 %

Shares of DuPont de Nemours stock traded up $0.36 during trading on Friday, hitting $73.89. 2,341,993 shares of the stock were exchanged, compared to its average volume of 1,876,876. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74. The stock has a market cap of $30.89 billion, a price-to-earnings ratio of 79.45, a price-to-earnings-growth ratio of 2.45 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The firm’s 50-day moving average price is $72.65 and its 200 day moving average price is $72.12.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the business earned $0.89 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, analysts forecast 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 announced 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 of this dividend is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 163.44%.

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.