Bryn Mawr Capital Management LLC Buys 13,088 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Bryn Mawr Capital Management LLC lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 21.3% in the 4th quarter, HoldingsChannel reports. The firm owned 74,539 shares of the basic materials company’s stock after purchasing an additional 13,088 shares during the quarter. 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 & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Jackson Hole Capital Partners LLC boosted its stake in shares of DuPont de Nemours by 8.9% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 5,641 shares of the basic materials company’s stock worth $434,000 after acquiring an additional 463 shares during the last quarter. Syon Capital LLC raised its holdings in shares of DuPont de Nemours by 14.4% in the 4th quarter. Syon Capital LLC now owns 8,624 shares of the basic materials company’s stock valued at $663,000 after buying an additional 1,084 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of DuPont de Nemours by 1.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,726 shares of the basic materials company’s stock valued at $1,594,000 after buying an additional 314 shares during the period. GAMMA Investing LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at $255,000. Finally, Roble Belko & Company Inc purchased a new stake in DuPont de Nemours during the 4th quarter worth about $46,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.3 %

DuPont de Nemours stock opened at $73.71 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The stock has a market cap of $30.82 billion, a PE ratio of 79.26, a price-to-earnings-growth ratio of 2.41 and a beta of 1.40. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $78.74. The firm’s 50-day simple moving average is $73.23 and its 200 day simple moving average is $72.12.

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

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid 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 payout ratio is 163.44%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DD shares. JPMorgan Chase & Co. upped their price objective on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Barclays lowered their target price on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Wolfe Research assumed coverage on DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Finally, StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $77.90.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through this link. Company insiders own 0.56% of the company’s stock.

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.