DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,161 shares of the basic materials company’s stock after selling 523 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in DuPont de Nemours were worth $470,000 at the end of the most recent quarter.

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

DuPont de Nemours Price Performance

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

DuPont de Nemours (NYSE:DD) last released 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%. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS 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. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.18%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s payout ratio is presently 98.20%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DD shares. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. BMO Capital Markets increased their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. UBS Group increased their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.