Ossiam Buys 40,811 Shares of DuPont de Nemours, Inc. $DD

Ossiam raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2,906.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,215 shares of the basic materials company’s stock after purchasing an additional 40,811 shares during the period. Ossiam’s holdings in DuPont de Nemours were worth $2,896,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $313,306,000. Boston Partners boosted its holdings in DuPont de Nemours by 36.6% in the second quarter. Boston Partners now owns 3,483,001 shares of the basic materials company’s stock worth $238,924,000 after acquiring an additional 932,575 shares in the last quarter. Vanguard Group Inc. grew its stake in DuPont de Nemours by 1.6% in the second quarter. Vanguard Group Inc. now owns 47,664,223 shares of the basic materials company’s stock valued at $3,269,289,000 after acquiring an additional 769,600 shares during the period. Price T Rowe Associates Inc. MD grew its stake in DuPont de Nemours by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after acquiring an additional 746,364 shares during the period. Finally, Strs Ohio bought a new stake in shares of DuPont de Nemours during the first quarter valued at approximately $54,934,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 103,267 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $32.29, for a total value of $3,334,357.49. Following the transaction, the senior vice president owned 92,218 shares of the company’s stock, valued at approximately $2,977,599.61. The trade was a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lori Koch sold 9,011 shares of the company’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 completion of the transaction, the chief executive officer owned 288,326 shares of the company’s stock, valued at $11,377,343.96. This trade represents a 3.03% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 118,283 shares of company stock worth $3,928,870. 0.61% of the stock is owned by company insiders.

DuPont de Nemours Stock Up 0.1%

DD opened at $40.64 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63. The company’s 50-day moving average is $36.52 and its 200 day moving average is $32.67. DuPont de Nemours, Inc. has a fifty-two week low of $22.50 and a fifty-two week high of $41.23. The firm has a market capitalization of $17.03 billion, a P/E ratio of -22.08, a PEG ratio of 2.33 and a beta of 1.09.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter. The business 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%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

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

DuPont de Nemours Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be 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 of this dividend is Friday, November 28th. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.48%.

Analyst Upgrades and Downgrades

DD has been the topic of a number of recent research reports. BMO Capital Markets cut their target price on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday. Wolfe Research reduced their price objective on shares of DuPont de Nemours from $87.00 to $39.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. KeyCorp decreased their target price on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Ten equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.88.

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.