TCG Advisory Services LLC Makes New $576,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

TCG Advisory Services LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,491 shares of the basic materials company’s stock, valued at approximately $576,000.

Other institutional investors also recently made changes to their positions in the company. Peoples Bank KS acquired a new stake in DuPont de Nemours during the third quarter worth about $25,000. Carmel Capital Partners LLC acquired a new stake in DuPont de Nemours during the 3rd quarter worth approximately $36,000. AlphaMark Advisors LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at approximately $41,000. Grove Bank & Trust lifted its position in DuPont de Nemours by 55.1% during the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock valued at $41,000 after buying an additional 188 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth approximately $44,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of research reports. Barclays raised their target price on shares of DuPont de Nemours from $70.00 to $81.00 and gave the company an “equal weight” rating in a research note on Thursday. Mizuho upped their target price on DuPont de Nemours from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday. Royal Bank of Canada raised their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Wolfe Research began coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $80.00.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.56% of the stock is currently owned by company insiders.

DuPont de Nemours Stock Down 0.1 %

NYSE DD traded down $0.08 during trading hours on Friday, reaching $77.67. 2,391,431 shares of the company traded hands, compared to its average volume of 2,373,408. The stock has a market capitalization of $32.47 billion, a PE ratio of 94.72, a PEG ratio of 2.48 and a beta of 1.39. The company has a current ratio of 2.33, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $79.19. The company has a 50 day moving average of $73.93 and a two-hundred day moving average of $72.08.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.65 by $0.14. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 earnings per share. As a group, equities analysts expect that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio is currently 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.