DuPont de Nemours, Inc. (NYSE:DD) is St. James Investment Company LLC’s 10th Largest Position

St. James Investment Company LLC cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 281,727 shares of the basic materials company’s stock after selling 20,579 shares during the quarter. DuPont de Nemours accounts for about 3.7% of St. James Investment Company LLC’s investment portfolio, making the stock its 10th biggest holding. St. James Investment Company LLC’s holdings in DuPont de Nemours were worth $21,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $33,000. Finally, Noble Wealth Management PBC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DD. JPMorgan Chase & Co. dropped their target price on shares of 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. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. 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 research note on Monday, February 10th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Friday, January 17th. Finally, Citigroup boosted 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. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Stock Down 2.6 %

Shares of NYSE:DD opened at $74.00 on Monday. The business has a 50-day moving average price of $78.45 and a 200 day moving average price of $80.75. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $30.94 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 98.20%.

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.