NEOS Investment Management LLC Buys 6,223 Shares of DuPont de Nemours, Inc. (NYSE:DD)

NEOS Investment Management LLC increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 31.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,939 shares of the basic materials company’s stock after acquiring an additional 6,223 shares during the quarter. NEOS Investment Management LLC’s holdings in DuPont de Nemours were worth $1,978,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DD. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the 4th quarter worth approximately $33,000. Finally, FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD stock opened at $74.00 on Friday. The stock has a market capitalization of $30.94 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 2.15 and a beta of 1.29. The firm’s 50-day moving average price is $78.45 and its two-hundred day moving average price is $80.74. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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 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 declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.22%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is 98.20%.

Analysts Set New Price Targets

Several research analysts recently issued reports on DD shares. 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 report on Thursday, February 13th. Wolfe Research upgraded 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. 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 research report on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.