Sustainable Insight Capital Management LLC Invests $531,000 in DuPont de Nemours, Inc. (NYSE:DD)

Sustainable Insight Capital Management LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,600 shares of the basic materials company’s stock, valued at approximately $531,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Northwest Financial Advisors acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at $25,000. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours in the first quarter worth about $25,000. ESL Trust Services LLC bought a new stake in shares of DuPont de Nemours during the first quarter valued at approximately $26,000. LifeSteps Financial Inc. bought a new position in DuPont de Nemours in the 1st quarter worth approximately $28,000. Finally, Denver PWM LLC acquired a new position in DuPont de Nemours during the 2nd quarter worth $28,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent research reports. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Royal Bank of Canada raised their price target on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $80.00 to $103.00 in a report on Friday, May 24th. UBS Group raised their target price on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Stock Down 2.7 %

Shares of DD stock opened at $79.15 on Friday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $85.12. The stock has a market cap of $33.09 billion, a price-to-earnings ratio of 96.52, a PEG ratio of 2.23 and a beta of 1.33. The firm’s 50-day moving average is $80.32 and its 200-day moving average is $77.69. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is presently 185.37%.

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.