SouthState Corp Sells 260 Shares of DuPont de Nemours, Inc. (NYSE:DD)

SouthState Corp trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,860 shares of the basic materials company’s stock after selling 260 shares during the quarter. SouthState Corp’s holdings in DuPont de Nemours were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DD. GWN Securities Inc. purchased a new position in DuPont de Nemours during the fourth quarter worth about $556,000. Harbour Investments Inc. boosted its stake in shares of DuPont de Nemours by 7.6% in the 4th quarter. Harbour Investments Inc. now owns 4,953 shares of the basic materials company’s stock worth $378,000 after buying an additional 350 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of DuPont de Nemours by 1.6% in the fourth quarter. Corient Private Wealth LLC now owns 278,092 shares of the basic materials company’s stock valued at $21,205,000 after acquiring an additional 4,423 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of DuPont de Nemours by 0.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 38,718 shares of the basic materials company’s stock valued at $2,952,000 after acquiring an additional 196 shares during the last quarter. Finally, Choate Investment Advisors lifted its holdings in DuPont de Nemours by 7.3% during the fourth quarter. Choate Investment Advisors now owns 9,078 shares of the basic materials company’s stock worth $692,000 after acquiring an additional 615 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. UBS Group raised their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. 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 for the company in a research note on Monday, February 10th. Finally, Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Performance

Shares of DD opened at $77.80 on Tuesday. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. The stock’s 50-day simple moving average is $78.25 and its 200 day simple moving average is $81.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market capitalization of $32.52 billion, a price-to-earnings ratio of 46.58, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. Research 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 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 positive change 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 2.11%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is 98.20%.

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.