Bryce Point Capital LLC Makes New $487,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Bryce Point Capital LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,390 shares of the basic materials company’s stock, valued at approximately $487,000.

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

DuPont de Nemours Stock Performance

DD stock opened at $58.96 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap of $24.65 billion, a PE ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 1.25. The business has a 50 day moving average of $77.71 and a 200-day moving average of $80.38. DuPont de Nemours, Inc. has a 12-month low of $56.18 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. 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 payout ratio is presently 98.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DD. JPMorgan Chase & Co. cut their price objective 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 Wednesday, January 15th. Wolfe Research raised 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 note on Friday, January 17th. Royal Bank of Canada lowered their target price on 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. UBS Group lifted their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $99.17.

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.