Twinbeech Capital LP Invests $386,000 in DuPont de Nemours, Inc. (NYSE:DD)

Twinbeech Capital LP acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 5,057 shares of the basic materials company's stock, valued at approximately $386,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC grew its position in DuPont de Nemours by 28.7% during the fourth quarter. Tidal Investments LLC now owns 41,262 shares of the basic materials company's stock worth $3,146,000 after buying an additional 9,201 shares in the last quarter. State of Wyoming purchased a new position in DuPont de Nemours during the fourth quarter worth about $347,000. Strategic Wealth Partners Ltd. grew its position in DuPont de Nemours by 10.1% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 3,694 shares of the basic materials company's stock worth $311,000 after buying an additional 338 shares in the last quarter. Strive Asset Management LLC purchased a new position in DuPont de Nemours during the fourth quarter worth about $619,000. Finally, Toronto Dominion Bank grew its position in DuPont de Nemours by 8.1% during the fourth quarter. Toronto Dominion Bank now owns 224,184 shares of the basic materials company's stock worth $17,094,000 after buying an additional 16,748 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DD has been the subject of a number of research reports. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Wells Fargo & Company cut their price objective on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. KeyCorp upped their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Mizuho dropped their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.92.

DuPont de Nemours Stock Down 0.9%

DD stock traded down $0.65 on Wednesday, reaching $68.62. 601,206 shares of the company traded hands, compared to its average volume of 2,408,780. The firm has a fifty day simple moving average of $66.35 and a 200-day simple moving average of $74.73. 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 one year low of $53.77 and a one year high of $90.06. The company has a market cap of $28.72 billion, a P/E ratio of 41.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business posted $0.79 EPS. The company's revenue was up 4.6% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.39%. DuPont de Nemours's dividend payout ratio 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.