Ethic Inc. Purchases 13,306 Shares of DuPont de Nemours, Inc. $DD

Ethic Inc. increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 27.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 62,314 shares of the basic materials company’s stock after purchasing an additional 13,306 shares during the quarter. Ethic Inc.’s holdings in DuPont de Nemours were worth $4,854,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DD. Brighton Jones LLC raised its stake in DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock valued at $382,000 after buying an additional 822 shares during the period. Evergreen Capital Management LLC increased its holdings in shares of DuPont de Nemours by 24.2% during the 1st quarter. Evergreen Capital Management LLC now owns 5,047 shares of the basic materials company’s stock worth $377,000 after acquiring an additional 983 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its stake in DuPont de Nemours by 49.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 9,443 shares of the basic materials company’s stock valued at $705,000 after acquiring an additional 3,125 shares during the period. PDT Partners LLC acquired a new stake in DuPont de Nemours during the 1st quarter valued at $2,525,000. Finally, EP Wealth Advisors LLC boosted its position in DuPont de Nemours by 9.9% during the first quarter. EP Wealth Advisors LLC now owns 19,250 shares of the basic materials company’s stock worth $1,438,000 after purchasing an additional 1,741 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

NYSE DD opened at $40.67 on Wednesday. The firm has a 50-day moving average price of $38.93 and a two-hundred day moving average price of $33.98. DuPont de Nemours, Inc. has a 12-month low of $22.50 and a 12-month high of $41.85. The company has a market capitalization of $17.04 billion, a P/E ratio of -22.10, a P/E/G ratio of 2.35 and a beta of 1.10. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.29 earnings per share for the quarter. The company had revenue of $3.02 billion during the quarter. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. Analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours declared that its Board of Directors has approved a stock repurchase plan on Thursday, November 6th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the basic materials company to repurchase up to 12.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

DuPont de Nemours Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, November 28th. DuPont de Nemours’s dividend payout ratio is presently -43.48%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, SVP Erik T. Hoover sold 6,005 shares of the stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.79, for a total transaction of $238,938.95. Following the sale, the senior vice president directly owned 112,101 shares in the company, valued at $4,460,498.79. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lori Koch sold 9,011 shares of the firm’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $39.46, for a total transaction of $355,574.06. Following the completion of the transaction, the chief executive officer directly owned 288,326 shares in the company, valued at approximately $11,377,343.96. This represents a 3.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of several research analyst reports. KeyCorp dropped their price objective on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. JPMorgan Chase & Co. decreased their price target on shares of DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Royal Bank Of Canada lowered their price target on shares of DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday, November 18th. Wells Fargo & Company cut their price objective on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Finally, UBS Group upped their target price on DuPont de Nemours to $44.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.69.

About DuPont de Nemours

DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.

DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.