Vestmark Advisory Solutions Inc. Has $302,000 Stake in DuPont de Nemours, Inc. (NYSE:DD)

Posted by Defense World Staff on Aug 19th, 2023

Vestmark Advisory Solutions Inc. lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,212 shares of the basic materials company’s stock after selling 461 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in DuPont de Nemours were worth $302,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new position in shares of DuPont de Nemours in the 1st quarter valued at 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 valued at $845,000 after purchasing an additional 810 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of DuPont de Nemours in the first quarter worth $195,000. Blair William & Co. IL boosted its holdings in shares of DuPont de Nemours by 0.9% during the 1st 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 during the period. Finally, Prudential PLC acquired a new position in DuPont de Nemours in the 1st quarter valued at $821,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

NYSE:DD opened at $75.40 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.98 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $73.14 and a 200 day moving average price of $71.24. The firm has a market capitalization of $34.61 billion, a PE ratio of 7.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. DuPont de Nemours, Inc. has a 12-month low of $49.52 and a 12-month high of $78.74.

DuPont de Nemours (NYSE:DD – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02. DuPont de Nemours had a return on equity of 6.11% and a net margin of 37.09%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the firm posted $0.88 EPS. DuPont de Nemours’s quarterly revenue was down 6.9% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.45 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Monday, July 31st will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, July 28th. DuPont de Nemours’s dividend payout ratio is currently 14.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DD shares. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $73.00 price target on shares of DuPont de Nemours in a report on Thursday, August 3rd. StockNews.com initiated coverage on shares of DuPont de Nemours in a research note on Thursday. They issued a “hold” rating on the stock. Citigroup boosted their target price on shares of DuPont de Nemours from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 19th. Finally, TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c+” rating in a report on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Get Our Latest Stock Analysis on DuPont de Nemours

Insider Buying and Selling at DuPont de Nemours

In other news, insider Michael G. Goss sold 7,919 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $77.36, for a total transaction of $612,613.84. Following the completion of the sale, the insider now owns 13,363 shares of the company’s stock, valued at $1,033,761.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

DuPont de Nemours Profile

(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.