Obermeyer Wood Investment Counsel Lllp Grows Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Obermeyer Wood Investment Counsel Lllp grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,375 shares of the basic materials company’s stock after acquiring an additional 400 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in DuPont de Nemours were worth $1,029,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

DD has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Barclays reduced their price objective on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Citigroup lifted their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Wolfe Research started coverage on DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $77.90.

DuPont de Nemours Trading Up 0.6 %

Shares of NYSE DD traded up $0.44 during trading on Thursday, reaching $73.53. The stock had a trading volume of 1,890,052 shares, compared to its average volume of 3,104,030. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The business’s 50-day moving average price is $72.40 and its 200-day moving average price is $72.12. The company has a market cap of $30.74 billion, a P/E ratio of 78.80, a PEG ratio of 2.40 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last released its earnings results 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. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm 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 firm posted $0.89 EPS. DuPont de Nemours’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.07%. DuPont de Nemours’s payout ratio is 163.44%.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was 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 of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by insiders.

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.