In a surprising move, Headlands Technologies LLC, a prominent investment management firm, has recently acquired a new stake in DuPont de Nemours, Inc. This acquisition was made during the first quarter and was disclosed in their most recent filing with the Securities & Exchange Commission. The fund bought 3,486 shares of the basic materials company’s stock, amounting to an estimated value of $250,000. This strategic investment highlights Headlands Technologies LLC’s confidence in DuPont de Nemours and its potential for growth in the market.
DuPont de Nemours also made headlines when it announced its quarterly dividend payment schedule. Shareholders who are recorded as investors on Monday, July 31st will receive a dividend of $0.36 per share on Friday, September 15th. With an annualized basis payout of $1.44 and a yield of 1.92%, this dividend is likely to attract both existing and potential shareholders.
It is worth noting that as per the ex-dividend date of Friday, July 28th, any shares bought after this date will not be eligible for the upcoming dividend payout. Therefore, investors looking to benefit from this attractive dividend should consider purchasing shares before this crucial date.
Currently, DuPont de Nemours boasts a dividend payout ratio of 12.49%. This figure indicates the proportion of earnings that the company distributes as dividends to its shareholders. Based on this ratio and their commitment to providing consistent dividends over time, DuPont de Nemours stands out as a reliable choice for income-seeking investors.
Aside from these financial updates, another significant development involved insider trading within DuPont de Nemours. Insider Michael G. Goss sold 2,374 shares of the company’s stock on Monday, May 15th at an average price of $65.46 per share – amounting to a total transaction value of approximately $155,402.04.
Following this transaction, Goss now owns 13,345 shares of DuPont de Nemours, valued at approximately $873,563.70. This demonstrates his ongoing commitment to the company and implies that he still sees long-term potential in its future growth.
The disclosure of this transaction was done in accordance with legal requirements, as filings were submitted to the Securities & Exchange Commission. These documents can be accessed through the SEC website to provide complete transparency to investors, ensuring they have access to all material information regarding insider trading activities.
It is noteworthy that only a marginal percentage, specifically 0.50%, of DuPont de Nemours’ stock is owned by insiders. This indicates that the majority of the company’s ownership lies in the hands of institutional and individual investors.
In conclusion, despite some recent selling activity from an insider, Headlands Technologies LLC’s acquisition of shares in DuPont de Nemours highlights positive market sentiment towards the company. With an attractive dividend yield and a low payout ratio, DuPont de Nemours continues to offer an appealing investment opportunity for income-seeking investors. As always, investors are advised to carefully analyze their investment decisions and consult with their financial advisors before making any investment commitments.
Institutional Investors and Positive Ratings Boost Confidence in DuPont de Nemours Stock
July 20, 2023 – DuPont de Nemours, a leading basic materials company, has seen a significant increase in holdings from institutional investors and hedge funds, signaling strong confidence in the company’s stock. Boston Partners, one of the institutional investors, boosted its holdings by 2.0% during the fourth quarter and now owns 12,748,963 shares of DuPont de Nemours worth $877,001,000. Moneta Group Investment Advisors LLC also saw a dramatic increase in its holdings by 114,597.6% during the same period and now owns 11,970,989 shares worth $821,569,000.
Geode Capital Management LLC and Morgan Stanley also increased their holdings in DuPont de Nemours during the fourth quarter by 0.3% and 6.9%, respectively. Macquarie Group Ltd., on the other hand, increased its holdings by 0.8% during the second quarter. In total, institutional investors and hedge funds now own approximately 76.00% of the company’s stock.
In addition to renewed investor interest in DuPont de Nemours’ stock, several research reports have provided positive ratings and price objectives for the company. Citigroup upgraded its price objective to $75.00 from $72.00 with a “neutral” rating on Wednesday. Deutsche Bank Aktiengesellschaft also upgraded its rating from “hold” to “buy” and raised its target price from $70.00 to $80.00 on Monday.
The average consensus target price for DuPont de Nemours’ stock is currently estimated at $77.75 with four research analysts giving it a hold rating and eight recommending it as a buy.
DuPont de Nemours recently announced that it will be paying out a quarterly dividend on Friday, September 15th to investors of record as of Monday July 31st. Shareholders will receive a $0.36 dividend, representing an annualized yield of 1.92%. The ex-dividend date is set for Friday, July 28th. The company’s dividend payout ratio stands at 12.49%.
Trading under the ticker symbol DD on the New York Stock Exchange, DuPont de Nemours saw its shares open at $75.16 on Thursday. The company has a market cap of $34.50 billion and a PE ratio of 6.52.
Despite these positive developments, it is important to note that DuPont de Nemours reported a decrease in revenue for the quarter ending May 2nd, 2023. However, the company surpassed analyst estimates for earnings per share (EPS), reporting $0.84 EPS compared to the consensus estimate of $0.81.
With strong support from institutional investors and hedge funds as well as positive ratings from research reports, DuPont de Nemours appears to be well-positioned for future growth and profitability in the basic materials industry.
Please note that this article is based on information available as of July 20, 2023, and may not reflect subsequent events or changes in the stock market.