Bryn Mawr Capital Management LLC Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

Bryn Mawr Capital Management LLC increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,539 shares of the basic materials company's stock after purchasing an additional 13,088 shares during the period. Bryn Mawr Capital Management LLC's holdings in DuPont de Nemours were worth $5,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Peoples Bank KS bought a new position in DuPont de Nemours during the 3rd quarter worth $25,000. Carmel Capital Partners LLC bought a new position in DuPont de Nemours during the 3rd quarter worth $36,000. Grove Bank & Trust increased its stake in DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company's stock worth $41,000 after acquiring an additional 188 shares during the period. AlphaMark Advisors LLC bought a new position in DuPont de Nemours during the 4th quarter worth $41,000. Finally, Arlington Trust Co LLC bought a new position in DuPont de Nemours during the 4th quarter worth $44,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares of the company's stock, valued at $1,134,733.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

DuPont de Nemours Stock Up 0.3 %

DuPont de Nemours stock traded up $0.21 during midday trading on Friday, reaching $73.71. The stock had a trading volume of 2,144,799 shares, compared to its average volume of 1,871,810. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $78.74. The company has a market capitalization of $30.82 billion, a P/E ratio of 79.26, a PEG ratio of 2.41 and a beta of 1.40. The company has a fifty day moving average price of $73.23 and a two-hundred day moving average price of $72.09. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating analysts' consensus estimates 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 in the previous year, the company posted $0.89 EPS. The firm's revenue was down 6.6% compared to the same quarter last year. As a group, equities analysts expect that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued 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 dividend payout ratio is currently 163.44%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America lowered DuPont de Nemours from a "buy" rating to an "underperform" rating and lifted their price target for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. Barclays reduced their price objective on DuPont de Nemours from $74.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Monday, February 12th. TheStreet lowered DuPont de Nemours from a "b-" rating to a "c" rating in a research report on Tuesday, February 6th. StockNews.com upgraded DuPont de Nemours from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. Finally, Wolfe Research initiated coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a "peer perform" rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, DuPont de Nemours has a consensus rating of "Hold" and an average price target of $77.90.

DuPont de Nemours 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.