DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Sigma Planning Corp

Sigma Planning Corp raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,957 shares of the basic materials company’s stock after acquiring an additional 461 shares during the quarter. Sigma Planning Corp’s holdings in DuPont de Nemours were worth $2,706,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC boosted its stake in shares of DuPont de Nemours by 13.2% during the 1st quarter. CIBC Private Wealth Group LLC now owns 34,714 shares of the basic materials company’s stock worth $2,682,000 after acquiring an additional 4,051 shares in the last quarter. Cresset Asset Management LLC raised its holdings in DuPont de Nemours by 22.8% in the 1st quarter. Cresset Asset Management LLC now owns 9,624 shares of the basic materials company’s stock worth $744,000 after purchasing an additional 1,790 shares during the period. Harbour Investments Inc. purchased a new position in DuPont de Nemours during the first quarter worth approximately $42,000. Cerity Partners LLC grew its holdings in DuPont de Nemours by 9.3% in the first quarter. Cerity Partners LLC now owns 7,853 shares of the basic materials company’s stock valued at $607,000 after purchasing an additional 669 shares during the period. Finally, M Holdings Securities Inc. acquired a new stake in DuPont de Nemours in the first quarter valued at approximately $236,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

In related news, insider Rose Lee sold 26,448 shares of the stock in a transaction that occurred on Tuesday, August 24th. The shares were sold at an average price of $74.37, for a total transaction of $1,966,937.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Luther C. Iv Kissam purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 5th. The shares were purchased at an average price of $75.94 per share, for a total transaction of $379,700.00. The disclosure for this purchase can be found here. 0.24% of the stock is owned by insiders.

A number of research firms recently issued reports on DD. Citigroup lifted their price target on shares of DuPont de Nemours from $96.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, August 4th. TheStreet upgraded shares of DuPont de Nemours from a “d+” rating to a “c” rating in a research report on Tuesday, August 3rd. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 13th. JPMorgan Chase & Co. raised shares of DuPont de Nemours from a “neutral” rating to an “overweight” rating and raised their price target for the company from $84.00 to $85.00 in a research note on Monday, October 4th. They noted that the move was a valuation call. Finally, KeyCorp reiterated a “buy” rating and set a $93.00 price objective on shares of DuPont de Nemours in a research note on Thursday, September 16th. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Hold” and a consensus target price of $88.39.

Shares of DD opened at $69.66 on Thursday. DuPont de Nemours, Inc. has a 12-month low of $55.22 and a 12-month high of $87.27. The firm has a market capitalization of $36.44 billion, a P/E ratio of 6.97, a P/E/G ratio of 1.54 and a beta of 1.50. The firm has a 50-day moving average price of $71.97 and a 200 day moving average price of $76.52. The company has a current ratio of 2.66, a quick ratio of 1.99 and a debt-to-equity ratio of 0.39.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, August 3rd. The basic materials company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.12. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.99 billion. DuPont de Nemours had a net margin of 32.59% and a return on equity of 7.42%. The business’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 EPS. Equities research analysts predict that DuPont de Nemours, Inc. will post 4.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Tuesday, November 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.72%. DuPont de Nemours’s dividend payout ratio (DPR) is 35.71%.

About DuPont de Nemours

DuPont de Nemours, Inc operates as a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Imaging, Nutrition & Biosciences, Transportation & Industrial, Safety & Construction, and Non-Core.

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

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