Potomac Fund Management Inc. ADV Takes $1.57 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Potomac Fund Management Inc. ADV purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 20,531 shares of the basic materials company’s stock, valued at approximately $1,565,000. DuPont de Nemours accounts for approximately 1.4% of Potomac Fund Management Inc. ADV’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Level Four Advisory Services LLC grew its stake in DuPont de Nemours by 2.8% in the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock worth $357,000 after acquiring an additional 129 shares in the last quarter. Lake Street Advisors Group LLC grew its stake in DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 132 shares during the last quarter. Global Trust Asset Management LLC raised its position in DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after buying an additional 133 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 137 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 144 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 0.9 %

Shares of DuPont de Nemours stock opened at $74.72 on Tuesday. The company’s fifty day simple moving average is $78.40 and its 200-day simple moving average is $80.71. The company has a market cap of $31.24 billion, a price-to-earnings ratio of 44.74, a PEG ratio of 2.15 and a beta of 1.29. 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 1 year low of $72.38 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.19%. DuPont de Nemours’s payout ratio is 98.20%.

Analyst Upgrades and Downgrades

DD has been the topic of several research analyst reports. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Citigroup boosted their price objective 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. 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. Finally, Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.