34,064 Shares in DuPont de Nemours, Inc. $DD Purchased by Legacy Trust

Legacy Trust purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 34,064 shares of the basic materials company’s stock, valued at approximately $4,771,000.

Several other institutional investors have also modified their holdings of DD. State Street Corp raised its stake in shares of DuPont de Nemours by 140.3% in the second quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock valued at $6,095,909,000 after acquiring an additional 26,238,300 shares in the last quarter. Bank of America Corp DE grew its stake in DuPont de Nemours by 22.0% during the 1st quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company’s stock worth $212,039,000 after purchasing an additional 835,572 shares in the last quarter. Bank of New York Mellon Corp grew its stake in DuPont de Nemours by 10.0% during the 1st quarter. Bank of New York Mellon Corp now owns 3,706,596 shares of the basic materials company’s stock worth $169,762,000 after purchasing an additional 336,780 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in DuPont de Nemours by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,831 shares of the basic materials company’s stock worth $160,688,000 after purchasing an additional 163,210 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in DuPont de Nemours by 16.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 971,901 shares of the basic materials company’s stock worth $124,360,000 after purchasing an additional 137,070 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Activity

In related news, CEO Lori Koch sold 2,311 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $151.15, for a total value of $349,307.65. Following the completion of the sale, the chief executive officer owned 115,715 shares in the company, valued at $17,490,322.25. This represents a 1.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward D. Breen sold 89,845 shares of the stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $146.41, for a total transaction of $13,154,206.45. Following the sale, the director owned 127,276 shares of the company’s stock, valued at approximately $18,634,479.16. This represents a 41.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 96,359 shares of company stock valued at $14,137,411 in the last ninety days. 0.96% of the stock is currently owned by company insiders.

DuPont de Nemours Trading Down 0.5%

NYSE:DD opened at $154.76 on Friday. The stock’s 50 day moving average price is $134.92 and its 200 day moving average price is $139.27. The company has a market capitalization of $20.51 billion, a PE ratio of 69.40, a P/E/G ratio of 1.35 and a beta of 1.06. The company has a quick ratio of 1.74, a current ratio of 2.36 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 52-week low of $111.15 and a 52-week high of $159.48.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.87 by $0.22. DuPont de Nemours had a return on equity of 6.85% and a net margin of 4.26%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 7.51 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 30th. DuPont de Nemours’s payout ratio is presently 107.62%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DD shares. Barclays increased their price target on DuPont de Nemours from $156.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a research report on Thursday, November 5th. UBS Group upped their target price on shares of DuPont de Nemours from $172.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. cut shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $172.00 to $145.00 in a report on Friday, October 9th. Finally, The Goldman Sachs Group reduced their target price on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $165.88.

About DuPont de Nemours

DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation. The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.