Penobscot Investment Management Company Inc. Increases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Penobscot Investment Management Company Inc. raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,094 shares of the basic materials company’s stock after purchasing an additional 150 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in DuPont de Nemours were worth $1,004,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DD. Vanguard Group Inc. boosted its position in DuPont de Nemours by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after acquiring an additional 3,168,740 shares in the last quarter. Putnam Investments LLC boosted its position in shares of DuPont de Nemours by 3.2% during the fourth quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock valued at $399,784,000 after purchasing an additional 159,438 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in DuPont de Nemours by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock worth $200,192,000 after purchasing an additional 101,203 shares during the period. Mondrian Investment Partners LTD raised its holdings in DuPont de Nemours by 9.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after purchasing an additional 156,339 shares in the last quarter. Finally, Norges Bank purchased a new position in DuPont de Nemours during the fourth quarter valued at $111,980,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded up $0.06 during trading on Tuesday, reaching $80.38. 639,687 shares of the company traded hands, compared to its average volume of 2,780,564. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $80.11 and a 200-day simple moving average of $75.13. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $82.63. The stock has a market capitalization of $33.61 billion, a PE ratio of 97.60, a P/E/G ratio of 2.48 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is 185.37%.

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of a number of recent research reports. Citigroup reduced their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their target price for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Mizuho upped their price target on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, Barclays boosted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $91.00.

About DuPont de Nemours

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.