2,649 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by Peak Financial Management Inc.

Peak Financial Management Inc. bought a new position in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,649 shares of the basic materials company’s stock, valued at approximately $204,000.

Several other institutional investors have also recently made changes to their positions in DD. Fairfield Bush & CO. acquired a new position in shares of DuPont de Nemours in the first quarter worth $50,000. United Bank raised its holdings in shares of DuPont de Nemours by 7.6% in the first quarter. United Bank now owns 11,482 shares of the basic materials company’s stock valued at $845,000 after buying an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of DuPont de Nemours in the first quarter valued at about $195,000. Blair William & Co. IL raised its holdings in DuPont de Nemours by 0.9% during the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock worth $6,964,000 after purchasing an additional 866 shares in the last quarter. Finally, Prudential PLC purchased a new position in DuPont de Nemours during the first quarter worth about $821,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on DD shares. Wolfe Research assumed coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. increased 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. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Barclays lowered their price target on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. Finally, Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price target for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $76.60.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 directly owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.38% of the company’s stock.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $76.66 on Friday. The firm’s 50 day simple moving average is $69.67 and its 200-day simple moving average is $72.00. The company has a market cap of $32.01 billion, a P/E ratio of 82.43, a price-to-earnings-growth ratio of 2.53 and a beta of 1.39. 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 fifty-two week low of $61.14 and a fifty-two week 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 EPS for the quarter, beating analysts’ consensus estimates 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 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 firm posted $0.89 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.46 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 1.98%. DuPont de Nemours’s payout ratio is presently 163.44%.

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.