WealthPlan Investment Management LLC bought a new position in shares of DuPont de Nemours, Inc. (NYSE: DD – Get Rating ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,302 shares of the basic materials company’s stock, valued at approximately $230,000.
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Several other hedge funds have also recently bought and sold stakes in the business. Weiss Asset Management LP bought a new stake in DuPont de Nemours during the third quarter valued at about $7,177,000. Birmingham Capital Management Co. Inc. AL boosted its holdings in DuPont de Nemours by 2.3% in the third quarter. Birmingham Capital Management Co. Inc. AL now owns 42,016 shares of the basic materials company’s stock valued at $2,118,000 after acquiring an additional 930 shares during the period. Toroso Investments LLC boosted its holdings in DuPont de Nemours by 4.8% in the third quarter. Toroso Investments LLC now owns 9,606 shares of the basic materials company’s stock valued at $484,000 after acquiring an additional 442 shares during the period. IHT Wealth Management LLC bought a new stake in DuPont de Nemours in the third quarter valued at about $214,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in DuPont de Nemours by 7.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 23,015 shares of the basic materials company’s stock valued at $1,161,000 after acquiring an additional 1,545 shares during the period. 71.91% of the shares are owned by institutional investors and hedge funds.
Presentation of DuPont de Nemours shares
NYSE DD opened at $67.55 on Friday. The firm has a market cap of $30.96 billion, a price-to-earnings ratio of 5.67, a PEG ratio of 2.12 and a beta of 1.42. The company has a 50-day moving average of $73.53 and a 200-day moving average of $65.85. The company has a current ratio of 3.02, a quick ratio of 2.40 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 1-year low of $49.52 and a 1-year high of $78.98.
DuPont de Nemours (NYSE:DD – Get Rating ) last posted its quarterly earnings data on Tuesday, February 7th. The basic materials company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The company had revenue of $3.10 billion during the quarter, compared to analysts’ estimates of $3.09 billion. DuPont de Nemours had a net margin of 44.54% and a return on equity of 6.45%. The company’s revenue decreased by 27.9% year-on-year. In the same quarter last year, the business posted $1.08 earnings per share. Equities analysts predict that DuPont de Nemours, Inc. will report 3.75 earnings per share for the current fiscal year.
DuPont de Nemours increases dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were given a dividend of $0.36 per share. This is a positive change from DuPont de Nemours’ previous quarterly dividend of $0.33. The previous date of this dividend was Monday, February 27th. This represents a $1.44 annual dividend and a dividend yield of 2.13%. DuPont de Nemours’ dividend payout ratio (DPR) is currently 12.08%.
Wall Street analysts forecast growth
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of DuPont de Nemours in a research note on Tuesday, December 20th. They issued an “overweight” rating on the company. Citigroup upped their target price on shares of DuPont de Nemours from $82.00 to $89.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Barclays upped their target price on shares of DuPont de Nemours from $71.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Finally, StockNews.com began coverage on shares of DuPont de Nemours in a research note on Thursday. They issued a “hold” rating on the company. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Moderate Buy” and a consensus target price of $81.14, according to MarketBeat .
About DuPont de Nemours
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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals and agricultural products. It operates in the following segments: Electronics & Industrial, Water & Defense, and Corporate & Others. The Electronics & Industrial segment supplies differentiated materials and systems for a wide range of consumer electronics, including mobile devices, television monitors, personal computers and electronics used in various industries.
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