Lee Danner & Bass Inc. Makes New $155,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Lee Danner & Bass Inc. acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,029 shares of the basic materials company’s stock, valued at approximately $155,000.

Several other hedge funds also recently made changes to their positions in the company. United Bank boosted its stake in shares of DuPont de Nemours by 2.7% during the third quarter. United Bank now owns 11,015 shares of the basic materials company’s stock worth $982,000 after buying an additional 290 shares during the period. Empowered Funds LLC boosted its stake in shares of DuPont de Nemours by 7.5% during the third quarter. Empowered Funds LLC now owns 12,145 shares of the basic materials company’s stock worth $1,082,000 after buying an additional 850 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of DuPont de Nemours by 128.1% during the third quarter. Thrivent Financial for Lutherans now owns 60,872 shares of the basic materials company’s stock worth $5,423,000 after buying an additional 34,182 shares during the period. Caprock Group LLC boosted its stake in shares of DuPont de Nemours by 1.8% during the third quarter. Caprock Group LLC now owns 13,582 shares of the basic materials company’s stock worth $1,210,000 after buying an additional 243 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of DuPont de Nemours during the third quarter worth about $971,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD stock opened at $75.25 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $78.46 and a 200-day moving average of $80.91. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06. The company has a market cap of $31.46 billion, a price-to-earnings ratio of 45.06, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. Finally, Citigroup raised their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours 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.