Bank OZK Buys 1,665 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Bank OZK raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,244 shares of the basic materials company’s stock after acquiring an additional 1,665 shares during the period. Bank OZK’s holdings in DuPont de Nemours were worth $1,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Invesco Ltd. raised its position in shares of DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after buying an additional 639,246 shares in the last quarter. Northern Trust Corp raised its position in DuPont de Nemours by 2.0% in the 3rd quarter. Northern Trust Corp now owns 5,245,939 shares of the basic materials company’s stock worth $391,295,000 after purchasing an additional 104,141 shares during the period. Empower Advisory Group LLC raised its position in DuPont de Nemours by 1.3% in the 3rd quarter. Empower Advisory Group LLC now owns 1,266,212 shares of the basic materials company’s stock worth $94,447,000 after purchasing an additional 16,293 shares during the period. Strs Ohio raised its position in DuPont de Nemours by 2.1% in the 4th quarter. Strs Ohio now owns 995,743 shares of the basic materials company’s stock worth $76,602,000 after purchasing an additional 20,101 shares during the period. Finally, Russell Investments Group Ltd. raised its position in DuPont de Nemours by 12.7% in the 4th quarter. Russell Investments Group Ltd. now owns 900,919 shares of the basic materials company’s stock worth $69,339,000 after purchasing an additional 101,685 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on DD shares. JPMorgan Chase & Co. increased their price objective on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $80.00 to $72.00 in a research report on Wednesday, January 24th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.90.

Insider Activity

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.56% of the company’s stock.

DuPont de Nemours Stock Up 0.3 %

Shares of NYSE DD traded up $0.21 during midday trading on Friday, reaching $73.71. 2,144,799 shares of the company’s stock traded hands, compared to its average volume of 1,871,810. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $73.23 and its 200-day simple moving average is $72.12. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $78.74. The company has a market cap of $30.82 billion, a price-to-earnings ratio of 79.26, a P/E/G ratio of 2.41 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the firm earned $0.89 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts predict that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. DuPont de Nemours’s dividend payout ratio is presently 163.44%.

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.