Byrne Asset Management LLC Invests $33,000 in DuPont de Nemours, Inc. (NYSE:DD)

Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the first quarter, HoldingsChannel.com reports. The firm acquired 430 shares of the basic materials company’s stock, valued at approximately $33,000.

A number of other large investors also recently modified their holdings of DD. DAVENPORT & Co LLC boosted its stake in shares of DuPont de Nemours by 3.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 10,588 shares of the basic materials company’s stock worth $790,000 after buying an additional 338 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in DuPont de Nemours by 51.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,811 shares of the basic materials company’s stock valued at $210,000 after purchasing an additional 959 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in DuPont de Nemours by 3.9% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 9,766 shares of the basic materials company’s stock valued at $728,000 after purchasing an additional 370 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $206,000. Finally, Bremer Bank National Association lifted its stake in DuPont de Nemours by 9.1% in the 3rd quarter. Bremer Bank National Association now owns 56,807 shares of the basic materials company’s stock valued at $4,237,000 after purchasing an additional 4,749 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Wolfe Research assumed coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Citigroup raised their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $77.90.

DuPont de Nemours Stock Performance

Shares of DD traded down $1.40 during mid-day trading on Tuesday, hitting $72.50. 3,329,374 shares of the company’s stock were exchanged, compared to its average volume of 2,999,161. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74. The stock’s 50-day simple moving average is $73.43 and its 200-day simple moving average is $72.02. The firm has a market cap of $30.31 billion, a price-to-earnings ratio of 77.96, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same period last year, the firm earned $0.89 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. DuPont de Nemours’s dividend payout ratio is presently 163.44%.

Insider Transactions at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

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.