Walnut Level Capital LLC Acquires 45,674 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Walnut Level Capital LLC boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 65.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,674 shares of the basic materials company’s stock after buying an additional 45,674 shares during the period. DuPont de Nemours accounts for approximately 3.4% of Walnut Level Capital LLC’s holdings, making the stock its 8th largest holding. Walnut Level Capital LLC’s holdings in DuPont de Nemours were worth $8,820,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $29,000. Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $33,000. Finally, Noble Wealth Management PBC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $35,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DD has been the topic of several analyst reports. BMO Capital Markets raised their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. UBS Group raised their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Price Performance

DD stock opened at $75.25 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. The stock’s 50 day moving average is $78.46 and its two-hundred day moving average is $80.89. The company has a market capitalization of $31.46 billion, a PE ratio of 45.06, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS 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%. Analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.41 dividend. This is a positive change 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 dividend yield of 2.18%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 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.