Silverleafe Capital Partners LLC Makes New $1.65 Million Investment in DuPont de Nemours, Inc. (NYSE:DD)

Silverleafe Capital Partners LLC purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,572 shares of the basic materials company's stock, valued at approximately $1,654,000. DuPont de Nemours comprises approximately 0.7% of Silverleafe Capital Partners LLC's portfolio, making the stock its 27th largest holding.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC raised its position in DuPont de Nemours by 1.0% during the 3rd quarter. LPL Financial LLC now owns 243,939 shares of the basic materials company's stock worth $18,195,000 after purchasing an additional 2,310 shares during the last quarter. Federated Hermes Inc. raised its position in DuPont de Nemours by 96.7% during the 3rd quarter. Federated Hermes Inc. now owns 2,178 shares of the basic materials company's stock worth $162,000 after purchasing an additional 1,071 shares during the last quarter. Mather Group LLC. raised its position in DuPont de Nemours by 9.7% during the 3rd quarter. Mather Group LLC. now owns 10,563 shares of the basic materials company's stock worth $788,000 after purchasing an additional 936 shares during the last quarter. Treasurer of the State of North Carolina raised its position in DuPont de Nemours by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 201,767 shares of the basic materials company's stock worth $15,050,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Synovus Financial Corp raised its position in DuPont de Nemours by 5.2% during the 3rd quarter. Synovus Financial Corp now owns 32,959 shares of the basic materials company's stock worth $2,459,000 after purchasing an additional 1,634 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on DD. Jefferies Financial Group raised DuPont de Nemours from a "hold" rating to a "buy" rating and raised their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Barclays boosted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 28th. UBS Group boosted their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, May 29th. Wolfe Research initiated coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a "peer perform" rating on the stock. Finally, Wells Fargo & Company raised DuPont de Nemours from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $80.00 to $103.00 in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $91.09.

Insider Transactions at DuPont de Nemours

In related news, insider Michael G. Goss sold 1,339 shares of the company's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the sale, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now owns 24,476 shares in the company, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. Company insiders own 0.56% of the company's stock.

DuPont de Nemours Stock Up 0.6 %

DuPont de Nemours stock traded up $0.51 during midday trading on Friday, reaching $80.49. The stock had a trading volume of 3,635,560 shares, compared to its average volume of 2,299,359. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $82.63. The company has a market capitalization of $33.65 billion, a P/E ratio of 98.16, a PEG ratio of 2.49 and a beta of 1.36. The company has a fifty day moving average price of $78.95 and a two-hundred day moving average price of $74.61. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. As a group, equities analysts expect that DuPont de Nemours, Inc. will post 3.63 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.89%. DuPont de Nemours's payout ratio is presently 185.37%.

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.