Fidelis Capital Partners LLC Grows Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Fidelis Capital Partners LLC boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 58.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,421 shares of the basic materials company’s stock after buying an additional 1,638 shares during the quarter. Fidelis Capital Partners LLC’s holdings in DuPont de Nemours were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DD. Moneta Group Investment Advisors LLC boosted its holdings in shares of DuPont de Nemours by 114,597.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after acquiring an additional 11,960,552 shares during the period. Invesco Ltd. boosted its holdings in shares of DuPont de Nemours by 6.7% in the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after acquiring an additional 639,246 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of DuPont de Nemours by 19.6% in the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after acquiring an additional 1,261,028 shares during the period. Morgan Stanley boosted its holdings in shares of DuPont de Nemours by 6.9% in the fourth quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock worth $528,241,000 after acquiring an additional 498,633 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in shares of DuPont de Nemours by 0.8% in the second quarter. Macquarie Group Ltd. now owns 7,279,781 shares of the basic materials company’s stock worth $404,619,000 after acquiring an additional 58,814 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 0.5 %

NYSE DD opened at $73.89 on Friday. The stock’s 50-day simple moving average is $72.65 and its two-hundred day simple moving average is $72.13. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $30.89 billion, a price-to-earnings ratio of 79.45, a PEG ratio of 2.44 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Research analysts forecast that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued 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 2.06%. DuPont de Nemours’s dividend payout ratio is currently 163.44%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DD shares. JPMorgan Chase & Co. raised their price target on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Citigroup lifted their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Bank of America lowered DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. Finally, Mizuho dropped their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. One research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $77.90.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.56% of the company’s stock.

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.