Bryn Mawr Capital Management LLC Has $5.77 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Bryn Mawr Capital Management LLC grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,672 shares of the basic materials company’s stock after purchasing an additional 1,225 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in DuPont de Nemours were worth $5,770,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth $29,000. Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours in the third quarter worth about $38,000. Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at about $33,000. Finally, FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter valued at approximately $39,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

DD opened at $81.85 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The business’s 50-day simple moving average is $77.75 and its 200 day simple moving average is $81.30. The firm has a market capitalization of $34.22 billion, a PE ratio of 49.01, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $68.21 and a 52-week high of $90.06.

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, beating 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%. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.00%. DuPont de Nemours’s payout ratio is currently 91.02%.

Wall Street Analyst Weigh In

Several brokerages have commented on DD. BMO Capital Markets raised their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Citigroup upped their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.