Tokio Marine Asset Management Co. Ltd. Purchases 314 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Tokio Marine Asset Management Co. Ltd. grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 20,726 shares of the basic materials company’s stock after buying an additional 314 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in DuPont de Nemours were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of DD. AE Wealth Management LLC grew its position in shares of DuPont de Nemours by 12.2% in the 3rd quarter. AE Wealth Management LLC now owns 22,459 shares of the basic materials company’s stock valued at $1,675,000 after acquiring an additional 2,435 shares during the period. Impact Partnership Wealth LLC bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth about $50,000. DAVENPORT & Co LLC boosted its holdings in shares of DuPont de Nemours by 3.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 10,588 shares of the basic materials company’s stock worth $790,000 after buying an additional 338 shares during the period. Avior Wealth Management LLC boosted its holdings in shares of DuPont de Nemours by 3,270.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,528 shares of the basic materials company’s stock worth $189,000 after buying an additional 2,453 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of DuPont de Nemours by 51.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,811 shares of the basic materials company’s stock worth $210,000 after buying an additional 959 shares during the period. Institutional investors own 73.96% of the company’s stock.

Insider Buying and Selling

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

DuPont de Nemours Price Performance

Shares of NYSE:DD traded down $0.69 during midday trading on Thursday, hitting $73.27. The stock had a trading volume of 587,972 shares, compared to its average volume of 3,003,350. The company’s 50-day moving average price is $73.03 and its 200-day moving average price is $72.12. The company has a market capitalization of $30.63 billion, a P/E ratio of 79.53, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. 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 released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio is 163.44%.

Wall Street Analysts Forecast Growth

DD has been the subject of several research analyst reports. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. BMO Capital Markets cut shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $80.00 to $72.00 in a research note on Wednesday, January 24th. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Mizuho dropped their price objective on shares of 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. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $77.90.

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.