Potomac Fund Management Inc. ADV Invests $1.57 Million in DuPont de Nemours, Inc. (NYSE:DD)

Potomac Fund Management Inc. ADV acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,531 shares of the basic materials company's stock, valued at approximately $1,565,000. DuPont de Nemours comprises about 1.4% of Potomac Fund Management Inc. ADV's investment portfolio, making the stock its 15th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of DD. Groupama Asset Managment increased its stake in shares of DuPont de Nemours by 136.0% during the 4th quarter. Groupama Asset Managment now owns 29,281 shares of the basic materials company's stock valued at $2,224,000 after acquiring an additional 16,872 shares during the last quarter. Trexquant Investment LP increased its position in DuPont de Nemours by 326.4% during the fourth quarter. Trexquant Investment LP now owns 347,734 shares of the basic materials company's stock worth $26,515,000 after purchasing an additional 266,183 shares during the last quarter. Headlands Technologies LLC raised its stake in DuPont de Nemours by 126.9% during the fourth quarter. Headlands Technologies LLC now owns 2,015 shares of the basic materials company's stock worth $154,000 after purchasing an additional 1,127 shares during the period. Nemes Rush Group LLC grew its stake in shares of DuPont de Nemours by 647.5% during the 4th quarter. Nemes Rush Group LLC now owns 3,102 shares of the basic materials company's stock valued at $237,000 after buying an additional 2,687 shares during the period. Finally, HighPoint Advisor Group LLC increased its holdings in shares of DuPont de Nemours by 8.9% during the 4th quarter. HighPoint Advisor Group LLC now owns 44,185 shares of the basic materials company's stock worth $3,441,000 after buying an additional 3,605 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target for the company in a research report on Friday, January 17th. StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Citigroup lifted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada reduced their price objective 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. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $99.17.

DuPont de Nemours Stock Performance

Shares of DD traded down $8.82 during mid-day trading on Friday, hitting $58.96. The stock had a trading volume of 11,804,829 shares, compared to its average volume of 2,276,725. 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 company has a market cap of $24.65 billion, a PE ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a fifty-two week low of $56.21 and a fifty-two week high of $90.06. The company's fifty day simple moving average is $78.07 and its two-hundred day simple moving average is $80.54.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is currently 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.