Proficio Capital Partners LLC Takes Position in DuPont de Nemours, Inc. (NYSE:DD)

Proficio Capital Partners LLC bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,761 shares of the basic materials company’s stock, valued at approximately $211,000.

Other institutional investors also recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth about $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours in the 4th quarter worth about $29,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours during the fourth quarter worth approximately $33,000. FSA Wealth Management LLC acquired a new stake in DuPont de Nemours in the third quarter valued at approximately $39,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $35,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

DD stock opened at $76.00 on Friday. DuPont de Nemours, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06. The firm has a market capitalization of $31.77 billion, a PE ratio of 45.51, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. 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 business has a 50 day simple moving average of $78.52 and a 200-day simple moving average of $80.78.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 98.20%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DD shares. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Citigroup boosted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $99.17.

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.