RFG Bristol Wealth Advisors LLC Takes $323,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

RFG Bristol Wealth Advisors LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, Holdings Channel.com reports. The fund acquired 4,231 shares of the basic materials company’s stock, valued at approximately $323,000.

Other hedge funds have also bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $33,000. Finally, Noble Wealth Management PBC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $35,000. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Wells Fargo & Company dropped their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Up 0.5 %

NYSE:DD opened at $75.27 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market capitalization of $31.47 billion, a P/E ratio of 45.07, a P/E/G ratio of 2.15 and a beta of 1.29. The company’s 50-day simple moving average is $78.28 and its 200-day simple moving average is $80.63. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06.

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

DuPont de Nemours Increases Dividend

The firm also recently declared 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 is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.18%. DuPont de Nemours’s payout ratio is presently 98.20%.

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.