Topsail Wealth Management LLC Buys New Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Topsail Wealth Management LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,042 shares of the basic materials company's stock, valued at approximately $1,147,000.

A number of other institutional investors have also recently bought and sold shares of the business. Morse Asset Management Inc raised its position in shares of DuPont de Nemours by 29.3% in the 3rd quarter. Morse Asset Management Inc now owns 24,897 shares of the basic materials company's stock valued at $2,219,000 after buying an additional 5,642 shares in the last quarter. Tidal Investments LLC raised its position in shares of DuPont de Nemours by 10.7% in the 3rd quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company's stock valued at $2,857,000 after buying an additional 3,096 shares in the last quarter. Synovus Financial Corp raised its position in shares of DuPont de Nemours by 2.5% in the 3rd quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company's stock valued at $3,256,000 after buying an additional 905 shares in the last quarter. Franklin Resources Inc. raised its position in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock valued at $556,751,000 after buying an additional 570,703 shares in the last quarter. Finally, Garden State Investment Advisory Services LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter valued at approximately $203,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

NYSE DD remained flat at $65.69 during mid-day trading on Monday. 2,710,251 shares of the company were exchanged, compared to its average volume of 2,421,375. The stock has a market cap of $27.49 billion, a PE ratio of 39.34, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a 50 day moving average of $71.41 and a 200 day moving average of $77.28.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date of this dividend was 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 2.50%. DuPont de Nemours's dividend payout ratio (DPR) is 98.20%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DD shares. JPMorgan Chase & Co. dropped their target price on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wolfe Research upgraded shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. UBS Group lowered their price objective on shares of DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Barclays upgraded shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and a consensus price target of $86.93.

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.