AGF Management Ltd. Has $3.41 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

Posted by Defense World Staff on Jul 30th, 2023

AGF Management Ltd. lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,469 shares of the basic materials company’s stock after acquiring an additional 4,008 shares during the quarter. AGF Management Ltd.’s holdings in DuPont de Nemours were worth $3,407,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Fairfield Bush & CO. bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $50,000. United Bank raised its position in shares of DuPont de Nemours by 7.6% in 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 stake in shares of DuPont de Nemours in the first quarter worth $195,000. Blair William & Co. IL increased its stake in DuPont de Nemours by 0.9% in the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock valued at $6,964,000 after acquiring an additional 866 shares during the last quarter. Finally, Prudential PLC bought a new position in DuPont de Nemours in the first quarter valued at $821,000. 76.00% of the stock is owned by institutional investors.

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,374 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $65.46, for a total value of $155,402.04. Following the completion of the sale, the insider now directly owns 13,345 shares of the company’s stock, valued at $873,563.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate insiders.

DuPont de Nemours Stock Down 0.2 %

Shares of NYSE:DD opened at $77.30 on Friday. The company has a market capitalization of $35.48 billion, a PE ratio of 6.70, a P/E/G ratio of 2.81 and a beta of 1.40. The company has a current ratio of 3.29, a quick ratio of 2.57 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a twelve month low of $49.52 and a twelve month high of $78.74. The firm has a 50 day simple moving average of $70.85 and a 200-day simple moving average of $70.98.

DuPont de Nemours (NYSE:DD – Get Free Report) last issued its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. DuPont de Nemours had a net margin of 43.63% and a return on equity of 6.34%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.57 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, July 31st will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, July 28th. DuPont de Nemours’s payout ratio is currently 12.49%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DD. Citigroup raised their price objective on DuPont de Nemours from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, July 19th. Deutsche Bank Aktiengesellschaft raised DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the stock from $70.00 to $80.00 in a research note on Monday, May 15th. Barclays cut their target price on DuPont de Nemours from $72.00 to $70.00 in a research note on Tuesday, July 11th. Mizuho lowered their price objective on shares of DuPont de Nemours from $85.00 to $81.00 in a report on Wednesday, May 3rd. Finally, StockNews.com began coverage on shares of DuPont de Nemours in a report on Thursday, May 18th. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

About DuPont de Nemours

(Free Report)

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 addressing various steps of the manufacturing process.