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

RFG Bristol Wealth Advisors LLC acquired a new position in DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,231 shares of the basic materials company’s stock, valued at approximately $323,000.

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

DuPont de Nemours Trading Up 0.5 %

Shares of DD stock opened at $75.27 on Thursday. 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 stock has a market capitalization of $31.47 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06. The stock’s 50-day moving average price is $78.28 and its 200-day moving average price is $80.63.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts predict 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. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. 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 2.18%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Analyst Ratings Changes

DD has been the topic of several analyst reports. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. UBS Group increased their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company lowered their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.