Topsail Wealth Management LLC Invests $1.15 Million in DuPont de Nemours, Inc. (NYSE:DD)

Topsail Wealth Management LLC bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,042 shares of the basic materials company's stock, valued at approximately $1,147,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in DuPont de Nemours during the 4th quarter valued at $146,605,000. Marshall Wace LLP grew its holdings in shares of DuPont de Nemours by 228.8% in the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after acquiring an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of DuPont de Nemours by 337.5% in the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after acquiring an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock worth $80,707,000 after purchasing an additional 859,333 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of DuPont de Nemours by 194.7% during the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after purchasing an additional 756,604 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on DD shares. Royal Bank of Canada cut their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. KeyCorp raised DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 price objective for the company in a research note on Monday, April 14th. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Barclays dropped their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Mizuho decreased their price objective on shares of 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 investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of "Moderate Buy" and an average price target of $85.79.

DuPont de Nemours Trading Down 1.2 %

Shares of DD traded down $0.80 on Wednesday, reaching $65.05. 492,398 shares of the company's stock were exchanged, compared to its average volume of 2,413,605. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The stock has a market capitalization of $27.22 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $70.73 and a two-hundred day moving average price of $77.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. 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 disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.52%. DuPont de Nemours's dividend payout ratio is presently 98.20%.

About DuPont de Nemours

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.