GAMMA Investing LLC Buys Shares of 3,321 DuPont de Nemours, Inc. (NYSE:DD)

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

A number of other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC lifted its holdings in shares of DuPont de Nemours by 12.2% during the 3rd quarter. AE Wealth Management LLC now owns 22,459 shares of the basic materials company’s stock valued at $1,675,000 after purchasing an additional 2,435 shares in the last quarter. Impact Partnership Wealth LLC bought a new position in shares of DuPont de Nemours in the third quarter worth approximately $50,000. DAVENPORT & Co LLC grew its position in shares of DuPont de Nemours by 3.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 10,588 shares of the basic materials company’s stock worth $790,000 after buying an additional 338 shares in the last quarter. Avior Wealth Management LLC grew its position in DuPont de Nemours by 3,270.7% during the third quarter. Avior Wealth Management LLC now owns 2,528 shares of the basic materials company’s stock valued at $189,000 after buying an additional 2,453 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in shares of DuPont de Nemours by 51.8% in the third quarter. Exchange Traded Concepts LLC now owns 2,811 shares of the basic materials company’s stock valued at $210,000 after purchasing an additional 959 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business’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 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 the SEC website. 0.56% of the stock is currently owned by company insiders.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $73.49 on Friday. The stock’s 50-day moving average is $73.13 and its two-hundred day moving average is $72.13. The company has a market cap of $30.72 billion, a price-to-earnings ratio of 79.02, a price-to-earnings-growth ratio of 2.42 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. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $78.74.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (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 company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the company earned $0.89 EPS. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. Analysts forecast that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company 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. This represents a $1.52 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s payout ratio is 163.44%.

Analyst Ratings Changes

DD has been the subject of a number of analyst reports. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. boosted their price target 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. Finally, Citigroup raised their price objective 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 issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $77.90.

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.