Burleson & Company LLC Buys New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Burleson & Company LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 495 shares of the basic materials company’s stock, valued at approximately $38,000.

Several other hedge funds also recently bought and sold shares of the company. Israel Discount Bank of New York boosted its stake in shares of DuPont de Nemours by 2.8% during the 1st quarter. Israel Discount Bank of New York now owns 4,948 shares of the basic materials company’s stock valued at $382,000 after buying an additional 133 shares during the period. Lenox Wealth Advisors LLC lifted its stake in DuPont de Nemours by 69.0% in the first quarter. Lenox Wealth Advisors LLC now owns 338 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 138 shares during the last quarter. Valeo Financial Advisors LLC increased its stake in shares of DuPont de Nemours by 3.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 4,217 shares of the basic materials company’s stock worth $326,000 after purchasing an additional 140 shares during the last quarter. UMB Bank N A MO raised its holdings in shares of DuPont de Nemours by 1.5% during the 1st quarter. UMB Bank N A MO now owns 9,391 shares of the basic materials company’s stock valued at $726,000 after purchasing an additional 142 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its holdings in DuPont de Nemours by 26.7% in the first quarter. Prime Capital Investment Advisors LLC now owns 689 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 70.54% of the company’s stock.

Several equities analysts have commented on the company. KeyCorp increased their price target on DuPont de Nemours from $87.00 to $93.00 and gave the company an “overweight” rating in a report on Tuesday, May 11th. Barclays began coverage on DuPont de Nemours in a report on Monday, March 22nd. They issued an “equal weight” rating and a $84.00 target price on the stock. Argus increased their price target on shares of DuPont de Nemours from $81.00 to $93.00 and gave the company a “buy” rating in a report on Thursday, May 20th. The Goldman Sachs Group upgraded shares of DuPont de Nemours from a “neutral” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Monday, May 17th. Finally, Bank of America downgraded DuPont de Nemours from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 16th. Twelve research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $82.71.

In other news, SVP Raj Ratnakar sold 11,408 shares of the business’s stock in a transaction dated Friday, May 7th. The stock was sold at an average price of $82.80, for a total value of $944,582.40. Following the sale, the senior vice president now directly owns 11,896 shares in the company, valued at $984,988.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jon D. Kemp sold 3,500 shares of the stock in a transaction dated Tuesday, May 25th. The stock was sold at an average price of $84.38, for a total value of $295,330.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

NYSE:DD opened at $82.81 on Friday. The firm has a market capitalization of $44.07 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.48 and a beta of 1.53. DuPont de Nemours, Inc. has a 1-year low of $49.01 and a 1-year high of $87.27. The firm has a 50-day moving average of $80.60. The company has a quick ratio of 1.77, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, May 4th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.15. The firm had revenue of $3.98 billion during the quarter, compared to analysts’ expectations of $3.82 billion. DuPont de Nemours had a net margin of 15.97% and a return on equity of 6.76%. The business’s revenue for the quarter was down 23.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Friday, May 28th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 35.71%.

DuPont de Nemours declared that its Board of Directors has approved a stock buyback program on Monday, March 8th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the basic materials company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials, ingredients, and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Electronics & Imaging segment supplies materials to manufacture photovoltaics and solar cells; materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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