Roble Belko & Company Inc Makes New $46,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Roble Belko & Company Inc acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 600 shares of the basic materials company’s stock, valued at approximately $46,000.

Other hedge funds also recently modified their holdings of the company. Peoples Bank KS purchased a new position in DuPont de Nemours during the 3rd quarter worth $25,000. Carmel Capital Partners LLC bought a new stake in DuPont de Nemours in the 3rd quarter valued at about $36,000. AlphaMark Advisors LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at about $41,000. Grove Bank & Trust increased its position in shares of 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 during the period. Finally, Arlington Trust Co LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth about $44,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE DD traded down $0.18 during trading hours on Tuesday, hitting $73.73. The company’s stock had a trading volume of 713,490 shares, compared to its average volume of 3,042,573. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74. The company’s 50 day simple moving average is $72.76 and its two-hundred day simple moving average is $72.12. The company has a market cap of $30.82 billion, a P/E ratio of 79.47, a price-to-earnings-growth ratio of 2.44 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results 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. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.38 per share. The ex-dividend date 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 (DPR) is presently 163.44%.

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the business’s 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 in the company, valued at approximately $1,134,733.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DD shares. Bank of America downgraded shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their target price for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. Mizuho lowered their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Barclays lowered their target price on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Wolfe Research started coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours has an average rating of “Hold” and an average target price of $77.90.

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.