Lee Danner & Bass Inc. Makes New $155,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Lee Danner & Bass Inc. bought a new position in DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,029 shares of the basic materials company’s stock, valued at approximately $155,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DD. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $29,000. Vision Financial Markets LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $33,000. Finally, Noble Wealth Management PBC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $35,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $75.25 on Friday. DuPont de Nemours, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a market capitalization of $31.46 billion, a P/E ratio of 45.06, a P/E/G ratio of 2.15 and a beta of 1.29. The company’s fifty day moving average price is $78.46 and its two-hundred day moving average price is $80.91.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company decreased 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 report on Wednesday, February 12th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Royal Bank of Canada decreased their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.17.

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.