Kohmann Bosshard Financial Services LLC Purchases New Position in DuPont de Nemours, Inc. (NYSE:DD)

Kohmann Bosshard Financial Services LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 814 shares of the basic materials company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $29,000. Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $33,000. Noble Wealth Management PBC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $35,000. Finally, R Squared Ltd bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $37,000. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on DD. JPMorgan Chase & Co. lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday. BMO Capital Markets increased their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Trading Down 3.8 %

DD opened at $78.69 on Tuesday. The stock’s fifty day moving average is $78.04 and its two-hundred day moving average is $81.35. The company has a market capitalization of $32.90 billion, a P/E ratio of 47.12, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $68.81 and a 52 week high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data 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%. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.41 per share. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.08%. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

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.