Bridgefront Capital LLC Purchases 16,749 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Bridgefront Capital LLC grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 224.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,219 shares of the basic materials company's stock after acquiring an additional 16,749 shares during the period. DuPont de Nemours accounts for approximately 0.6% of Bridgefront Capital LLC's portfolio, making the stock its 14th largest holding. Bridgefront Capital LLC's holdings in DuPont de Nemours were worth $1,847,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. 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 position 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 worth $28,000 after buying an additional 302 shares in the last quarter. Byrne Asset Management LLC bought a new stake in DuPont de Nemours during the fourth quarter valued at $29,000. Vision Financial Markets LLC purchased a new position in DuPont de Nemours during the fourth quarter worth about $31,000. Finally, Golden State Wealth Management LLC bought a new position in DuPont de Nemours in the 4th quarter worth about $33,000. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DD has been the subject of several recent analyst reports. UBS Group cut their price objective on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. decreased their price target on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lowered their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.07.

DuPont de Nemours Trading Up 0.8 %

DD traded up $0.52 during trading on Friday, hitting $66.77. 1,742,290 shares of the stock traded hands, compared to its average volume of 2,415,162. The firm has a market capitalization of $27.94 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a 50-day moving average of $68.36 and a 200 day moving average of $76.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results 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. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the business posted $0.79 earnings per share. DuPont de Nemours's revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. DuPont de Nemours's dividend payout ratio is presently -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.