Polymer Capital Management US LLC Makes New Investment in DuPont de Nemours, Inc. (NYSE:DD)

Polymer Capital Management US LLC bought a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,000 shares of the basic materials company’s stock, valued at approximately $2,288,000.

Several other institutional investors and hedge funds have also modified their holdings of DD. Hager Investment Management Services LLC bought a new position in DuPont de Nemours in the 4th quarter valued at $26,000. Aster Capital Management DIFC Ltd raised its holdings in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after buying an additional 302 shares during the last quarter. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the 4th quarter worth about $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the 4th quarter worth about $31,000. Finally, Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $33,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 13.0 %

DuPont de Nemours stock opened at $58.96 on Monday. The firm has a market capitalization of $24.65 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.25. The company’s 50 day simple moving average is $77.71 and its 200 day simple moving average is $80.35. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a fifty-two week low of $56.18 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current 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 given a dividend of $0.41 per share. 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 2.78%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DD. JPMorgan Chase & Co. decreased their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wells Fargo & Company cut their price target 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. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, 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.