Bahl & Gaynor Inc. Has $223,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Bahl & Gaynor Inc. reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 30.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,922 shares of the basic materials company’s stock after selling 1,303 shares during the quarter. Bahl & Gaynor Inc.’s holdings in DuPont de Nemours were worth $223,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours during the fourth quarter worth about $29,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at approximately $33,000. Noble Wealth Management PBC bought a new stake in DuPont de Nemours in the 4th quarter valued at approximately $35,000. Finally, R Squared Ltd acquired a new position in DuPont de Nemours during the 4th quarter worth approximately $37,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DD opened at $79.57 on Thursday. The firm has a market capitalization of $33.26 billion, a PE ratio of 47.65, a PEG ratio of 2.15 and a beta of 1.29. 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 company’s 50-day moving average is $78.09 and its 200-day moving average is $81.32. DuPont de Nemours, Inc. has a fifty-two week low of $69.23 and a fifty-two week high of $90.06.

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

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.06%. DuPont de Nemours’s payout ratio is 98.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DD. BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. UBS Group raised their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours 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.