Syon Capital LLC Acquires 1,084 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Syon Capital LLC raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,624 shares of the basic materials company’s stock after acquiring an additional 1,084 shares during the quarter. Syon Capital LLC’s holdings in DuPont de Nemours were worth $663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DD. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of DuPont de Nemours by 1.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,726 shares of the basic materials company’s stock worth $1,594,000 after purchasing an additional 314 shares during the last quarter. GAMMA Investing LLC purchased a new position in DuPont de Nemours in the 4th quarter worth $255,000. Roble Belko & Company Inc purchased a new stake in DuPont de Nemours during the 4th quarter valued at about $46,000. RWA Wealth Partners LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $325,000. Finally, Diversified LLC increased its position in shares of DuPont de Nemours by 6.2% in the fourth quarter. Diversified LLC now owns 6,602 shares of the basic materials company’s stock valued at $508,000 after acquiring an additional 385 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DD shares. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Barclays dropped their price target on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Mizuho dropped their price target on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Stock Performance

Shares of DD traded up $0.21 on Friday, reaching $73.71. The company’s stock had a trading volume of 1,991,083 shares, compared to its average volume of 3,002,583. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74. The stock has a market capitalization of $30.82 billion, a P/E ratio of 79.02, a PEG ratio of 2.42 and a beta of 1.40. The stock’s 50 day simple moving average is $73.13 and its two-hundred day simple moving average is $72.13. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the business earned $0.89 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. Research analysts forecast that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s payout ratio is 163.44%.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

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.