RFG Bristol Wealth Advisors LLC Makes New $323,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

RFG Bristol Wealth Advisors LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,231 shares of the basic materials company's stock, valued at approximately $323,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter worth $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the fourth quarter worth about $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at approximately $33,000. Finally, Noble Wealth Management PBC acquired a new position in DuPont de Nemours during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on DD shares. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. StockNews.com lowered shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a report on Monday, February 10th. 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 report on Thursday, February 13th. Finally, UBS Group upped their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. 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, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average price target of $99.17.

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DuPont de Nemours Price Performance

Shares of DD stock traded down $8.82 during trading hours on Friday, hitting $58.96. The company's stock had a trading volume of 11,808,821 shares, compared to its average volume of 2,276,487. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $77.71 and a 200-day moving average of $80.38. DuPont de Nemours, Inc. has a twelve month low of $56.21 and a twelve month high of $90.06. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts' consensus estimates 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, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.41 dividend. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.78%. DuPont de Nemours's payout ratio is presently 98.20%.

About DuPont de Nemours

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.