DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Syon Capital LLC

Syon Capital LLC lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 14.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,624 shares of the basic materials company’s stock after acquiring an additional 1,084 shares during the quarter. Syon Capital LLC’s holdings in DuPont de Nemours were worth $663,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. grew its position in shares of DuPont de Nemours by 1.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,726 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 314 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $255,000. Roble Belko & Company Inc bought a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $46,000. RWA Wealth Partners LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $325,000. Finally, Diversified LLC raised its stake in DuPont de Nemours by 6.2% during the 4th quarter. Diversified LLC now owns 6,602 shares of the basic materials company’s stock valued at $508,000 after acquiring an additional 385 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Insider Buying and Selling

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated 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 owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.56% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on DD. Royal Bank of Canada lifted their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Bank of America cut DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their price objective for the company from $78.00 to $80.00 in a research report on Tuesday, January 16th. BMO Capital Markets cut DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $80.00 to $72.00 in a research report on Wednesday, January 24th. TheStreet cut DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Wolfe Research assumed coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $77.90.

DuPont de Nemours Trading Up 0.3 %

NYSE:DD traded up $0.21 during trading hours on Friday, hitting $73.71. 1,991,083 shares of the stock were exchanged, compared to its average volume of 3,002,583. The company’s 50 day moving average is $73.13 and its two-hundred day moving average is $72.13. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $30.82 billion, a P/E ratio of 79.02, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion for 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 firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 EPS. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm 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. This represents a $1.52 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s payout ratio is presently 163.44%.

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.