Courier Capital LLC Has $446,000 Stake in DuPont de Nemours, Inc. (NYSE:DD)

Courier Capital LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,846 shares of the basic materials company’s stock after acquiring an additional 239 shares during the period. Courier Capital LLC’s holdings in DuPont de Nemours were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zurich Insurance Group Ltd FI acquired a new stake in DuPont de Nemours in the second quarter worth $83,540,000. Renaissance Technologies LLC acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $67,665,000. Franklin Resources Inc. grew its stake 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 during the period. Zacks Investment Management bought a new stake in DuPont de Nemours in the 3rd quarter valued at about $42,810,000. Finally, Two Sigma Advisers LP raised its stake in DuPont de Nemours by 48.3% during the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after buying an additional 461,400 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $74.42 on Tuesday. The stock has a market cap of $31.10 billion, a P/E ratio of 39.17, a P/E/G ratio of 1.95 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average price is $80.23 and its two-hundred day moving average price is $81.51. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.04%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada raised their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday. Finally, Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

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.