DuPont de Nemours, Inc. $DD Stock: Illinois Municipal Retirement Fund Grows Stake

Illinois Municipal Retirement Fund grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 15.1% in the third quarter, HoldingsChannel.com reports. The fund owned 76,119 shares of the basic materials company’s stock after acquiring an additional 9,963 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in DuPont de Nemours were worth $9,887,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DD. Physician Wealth Advisors Inc. increased its position in shares of DuPont de Nemours by 223.1% in the third quarter. Physician Wealth Advisors Inc. now owns 210 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 145 shares during the period. Elevation Wealth Partners LLC lifted its position in DuPont de Nemours by 168.5% during the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 150 shares during the period. DHJJ Financial Advisors Ltd. lifted its position in DuPont de Nemours by 150.0% during the third quarter. DHJJ Financial Advisors Ltd. now owns 250 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 150 shares during the period. Bangor Savings Bank bought a new stake in DuPont de Nemours during the third quarter worth about $36,000. Finally, Compass Wealth Management LLC acquired a new stake in DuPont de Nemours during the third quarter worth about $39,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of DD stock opened at $154.76 on Friday. The business has a fifty day simple moving average of $134.92 and a 200 day simple moving average of $139.27. The company has a market cap of $20.51 billion, a P/E 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 twelve month low of $111.15 and a twelve month high of $159.48.

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

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid 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 is Monday, November 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 107.62%.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, Director Edward D. Breen sold 89,845 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $146.41, for a total value of $13,154,206.45. Following the sale, the director owned 127,276 shares in the company, valued at $18,634,479.16. This trade represents a 41.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Erik T. Hoover sold 4,203 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $150.82, for a total transaction of $633,896.46. Following the sale, the senior vice president directly owned 38,798 shares in the company, valued at approximately $5,851,514.36. The trade was a 9.77% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 96,359 shares of company stock valued at $14,137,411. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

DD has been the topic of several recent analyst reports. Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Citigroup upped their price target on shares of DuPont de Nemours from $162.00 to $176.00 and gave the stock a “buy” rating in a report on Wednesday, November 4th. Royal Bank Of Canada upped their price target on shares of DuPont de Nemours from $160.00 to $173.00 and gave the stock an “outperform” rating in a report on Thursday, November 5th. JPMorgan Chase & Co. lowered shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $172.00 to $145.00 in a research report on Friday, October 9th. Finally, Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $166.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, November 5th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.88.

DuPont de Nemours Profile

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.