Bryn Mawr Capital Management LLC Sells 63,789 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Bryn Mawr Capital Management LLC trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 85.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,658 shares of the basic materials company's stock after selling 63,789 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in DuPont de Nemours were worth $813,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Fortitude Family Office LLC boosted its holdings in DuPont de Nemours by 32.0% in the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company's stock worth $48,000 after acquiring an additional 132 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after acquiring an additional 133 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after acquiring an additional 137 shares in the last quarter. Focus Financial Network Inc. boosted its holdings in DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company's stock worth $354,000 after acquiring an additional 143 shares in the last quarter. Finally, Busey Bank boosted its holdings in DuPont de Nemours by 4.7% in the third quarter. Busey Bank now owns 3,243 shares of the basic materials company's stock worth $289,000 after acquiring an additional 145 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Performance

NYSE:DD traded up $0.50 on Monday, hitting $82.15. The stock had a trading volume of 716,868 shares, compared to its average volume of 2,494,937. The stock has a market cap of $34.34 billion, a price-to-earnings ratio of 49.21, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $77.68 and its two-hundred day simple moving average is $81.25. 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 - Get Free Report) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. As a group, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business 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 $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.00%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is 91.02%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. BMO Capital Markets boosted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective on the stock in a research report on Friday, January 17th. StockNews.com raised DuPont de Nemours from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Citigroup increased their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $98.75.

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.