Callan Capital LLC Makes New $293,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Callan Capital LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,807 shares of the basic materials company’s stock, valued at approximately $293,000.

Several other large investors have also made changes to their positions in DD. Peoples Bank KS acquired a new position in shares of DuPont de Nemours during the third quarter valued at $25,000. Carmel Capital Partners LLC bought a new stake in DuPont de Nemours in the third quarter valued at about $36,000. AlphaMark Advisors LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at about $41,000. Grove Bank & Trust increased its holdings in DuPont de Nemours by 55.1% in the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 188 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

DuPont de Nemours Stock Up 0.3 %

Shares of DD stock traded up $0.21 on Friday, hitting $73.71. 2,144,784 shares of the stock were exchanged, compared to its average volume of 3,002,583. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $30.82 billion, a P/E ratio of 79.26, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The business has a 50-day moving average of $73.23 and a 200 day moving average of $72.12. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74.

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

DuPont de Nemours Dividend Announcement

The business 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. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.06%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Wall Street Analyst Weigh In

A number of research firms recently commented on DD. BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Bank of America downgraded DuPont de Nemours from a “buy” rating to an “underperform” rating and upped their price objective for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. Royal Bank of Canada increased their price target on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Company 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.