Pinney & Scofield Inc. Invests $36,000 in DuPont de Nemours, Inc. (NYSE:DD)

Pinney & Scofield Inc. purchased a new position in DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 472 shares of the basic materials company’s stock, valued at approximately $36,000.

Several other hedge funds have also recently modified their holdings of DD. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at $26,000. Aster Capital Management DIFC Ltd increased its position in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 302 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at $29,000. Vision Financial Markets LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at $31,000. Finally, Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Royal Bank of Canada reduced their price objective on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. UBS Group upped their price target on DuPont de Nemours from $79.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Mizuho reduced their price target on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $85.92.

DuPont de Nemours Stock Performance

NYSE DD opened at $67.62 on Friday. The firm has a market cap of $28.30 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. 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 business has a 50-day moving average price of $66.71 and a 200-day moving average price of $75.03. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is -863.16%.

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.