PGGM Investments Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

PGGM Investments boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,660 shares of the basic materials company’s stock after acquiring an additional 753 shares during the quarter. PGGM Investments’ holdings in DuPont de Nemours were worth $1,205,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Peoples Bank KS purchased a new stake in shares of DuPont de Nemours during the third quarter worth $25,000. Carmel Capital Partners LLC purchased a new position in shares of DuPont de Nemours during the 3rd quarter worth $36,000. AlphaMark Advisors LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at about $41,000. Grove Bank & Trust grew its holdings in shares of DuPont de Nemours by 55.1% in the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 188 shares during the period. Finally, Arlington Trust Co LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’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 sale, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.

DuPont de Nemours Stock Performance

Shares of DD opened at $73.89 on Tuesday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $78.74. The stock has a market capitalization of $30.89 billion, a PE ratio of 79.45, a PEG ratio of 2.42 and a beta of 1.40. 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 stock has a 50-day simple moving average of $73.34 and a 200-day simple moving average of $72.04.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the company earned $0.89 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, analysts predict that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company 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. The ex-dividend date is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. DuPont de Nemours’s payout ratio is currently 163.44%.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price target 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. Citigroup increased 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. Barclays cut their price objective on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.90.

DuPont de Nemours 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.