6,390 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 6,390 shares of the basic materials company’s stock, valued at approximately $487,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of DuPont de Nemours by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock valued at $3,552,961,000 after buying an additional 353,010 shares in the last quarter. State Street Corp raised its holdings in DuPont de Nemours by 2.4% during the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after acquiring an additional 399,728 shares during the period. Geode Capital Management LLC lifted its position in shares of DuPont de Nemours by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after acquiring an additional 100,198 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of DuPont de Nemours by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after acquiring an additional 483,722 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after purchasing an additional 91,108 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $58.96 on Friday. The business’s 50-day moving average price is $77.71 and its 200-day moving average price is $80.38. The firm has a market capitalization of $24.65 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 12 month low of $56.18 and a 12 month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 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%. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business 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 is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company cut their target price on 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. 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 note on Wednesday, January 15th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Royal Bank of Canada reduced their price target 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 Monday, February 10th. Finally, Citigroup increased their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three investment 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

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.