National Pension Service Sells 36,091 Shares of DuPont de Nemours, Inc. (NYSE:DD)

National Pension Service trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 5.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 570,581 shares of the basic materials company’s stock after selling 36,091 shares during the quarter. National Pension Service’s holdings in DuPont de Nemours were worth $43,507,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DD. Assenagon Asset Management S.A. grew its position in DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after acquiring an additional 859,333 shares during the period. Franklin Resources Inc. grew its position in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after acquiring an additional 570,703 shares during the period. Zacks Investment Management bought a new stake in shares of DuPont de Nemours during the third quarter worth $42,810,000. Two Sigma Advisers LP grew its holdings in shares of DuPont de Nemours by 48.3% during the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after purchasing an additional 461,400 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of DuPont de Nemours by 164.9% during the third quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock worth $63,983,000 after purchasing an additional 446,948 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Up 1.0 %

Shares of DD opened at $81.75 on Friday. DuPont de Nemours, Inc. has a 12-month low of $68.21 and a 12-month high of $90.06. The stock’s fifty day simple moving average is $78.00 and its 200-day simple moving average is $81.32. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $34.18 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. As a group, research 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.41 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.01%. DuPont de Nemours’s dividend payout ratio is presently 91.02%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DD shares. BMO Capital Markets increased their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company decreased their target price on 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 DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Citigroup increased their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, UBS Group increased their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.