DuPont de Nemours, Inc. $DD Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 323.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,151 shares of the basic materials company's stock after acquiring an additional 78,028 shares during the quarter. Edgestream Partners L.P.'s holdings in DuPont de Nemours were worth $7,007,000 at the end of the most recent quarter.

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A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC lifted its holdings in DuPont de Nemours by 64.4% in the 2nd quarter. Princeton Global Asset Management LLC now owns 365 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of DuPont de Nemours during the first quarter worth about $35,000. Ransom Advisory Ltd acquired a new position in shares of DuPont de Nemours in the first quarter valued at approximately $40,000. Quaker Wealth Management LLC raised its position in shares of DuPont de Nemours by 200.7% in the second quarter. Quaker Wealth Management LLC now owns 594 shares of the basic materials company's stock valued at $41,000 after buying an additional 1,184 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of DuPont de Nemours by 36.1% during the second quarter. Creative Financial Designs Inc. ADV now owns 599 shares of the basic materials company's stock valued at $41,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $39.95 on Tuesday. The business has a 50-day moving average of $35.55 and a two-hundred day moving average of $32.18. The firm has a market capitalization of $16.74 billion, a PE ratio of -85.00, a P/E/G ratio of 2.49 and a beta of 1.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. DuPont de Nemours, Inc. has a 12 month low of $22.50 and a 12 month high of $41.23.

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DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 earnings per share for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The business had revenue of $3.02 billion for the quarter. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours announced that its Board of Directors has authorized a stock buyback program on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to buy up to 12.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

DuPont de Nemours Cuts Dividend

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, November 28th. DuPont de Nemours's payout ratio is currently -43.48%.

Insider Transactions at DuPont de Nemours

In other news, CEO Lori Koch sold 9,011 shares of the firm's stock in a transaction on Friday, November 28th. The shares were sold at an average price of $39.46, for a total value of $355,574.06. Following the transaction, the chief executive officer owned 288,326 shares of the company's stock, valued at approximately $11,377,343.96. This trade represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Steven P. Larrabee sold 103,267 shares of DuPont de Nemours stock in a transaction on Monday, September 15th. The shares were sold at an average price of $32.29, for a total transaction of $3,334,357.49. Following the transaction, the senior vice president owned 92,218 shares in the company, valued at $2,977,599.61. The trade was a 52.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 192,373 shares of company stock valued at $6,309,370 over the last 90 days. Corporate insiders own 0.61% of the company's stock.

Wall Street Analyst Weigh In

DD has been the subject of several recent analyst reports. Wolfe Research lowered their target price on shares of DuPont de Nemours from $87.00 to $39.00 and set an "outperform" rating for the company in a research note on Tuesday, November 4th. Royal Bank Of Canada lowered their price objective on DuPont de Nemours from $100.00 to $48.00 and set an "outperform" rating for the company in a research report on Tuesday, November 18th. Zacks Research lowered DuPont de Nemours from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 14th. UBS Group raised their price target on DuPont de Nemours to $44.00 and gave the stock a "buy" rating in a research note on Wednesday, November 5th. Finally, Citigroup lifted their price target on DuPont de Nemours from $38.90 to $47.00 and gave the company a "buy" rating in a report on Friday, November 7th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.88.

View Our Latest Report on DuPont de Nemours

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.

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