430 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Byrne Asset Management LLC

Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 430 shares of the basic materials company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. DAVENPORT & Co LLC boosted its stake in DuPont de Nemours by 3.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 10,588 shares of the basic materials company’s stock valued at $790,000 after purchasing an additional 338 shares in the last quarter. Exchange Traded Concepts LLC boosted its stake in DuPont de Nemours by 51.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,811 shares of the basic materials company’s stock valued at $210,000 after purchasing an additional 959 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in DuPont de Nemours by 3.9% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 9,766 shares of the basic materials company’s stock valued at $728,000 after purchasing an additional 370 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in DuPont de Nemours during the 3rd quarter valued at $206,000. Finally, Bremer Bank National Association boosted its stake in DuPont de Nemours by 9.1% during the 3rd quarter. Bremer Bank National Association now owns 56,807 shares of the basic materials company’s stock valued at $4,237,000 after purchasing an additional 4,749 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DD has been the subject of several research reports. Bank of America lowered DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price objective for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. Mizuho reduced their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Barclays reduced their price objective on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a research note on Monday, February 12th. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Finally, Citigroup raised their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. One 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $77.90.

Insider Buying and Selling

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

DuPont de Nemours Stock Down 1.9 %

Shares of NYSE:DD traded down $1.40 during midday trading on Tuesday, hitting $72.50. 3,329,374 shares of the stock were exchanged, compared to its average volume of 2,999,161. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $78.74. The business’s fifty day simple moving average is $73.43 and its two-hundred day simple moving average is $72.02. The company has a market capitalization of $30.31 billion, a PE ratio of 77.96, a P/E/G ratio of 2.42 and a beta of 1.40.

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

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. DuPont de Nemours’s dividend payout ratio is 163.44%.

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.