Massachusetts Financial Services Co. MA Has $1.05 Billion Stake in DuPont de Nemours, Inc. (NYSE:DD)

Massachusetts Financial Services Co. MA cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 16.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,706,922 shares of the basic materials company’s stock after selling 2,617,578 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in DuPont de Nemours were worth $1,045,153,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. United Bank increased its position in DuPont de Nemours by 2.7% during the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after purchasing an additional 290 shares during the period. Townsquare Capital LLC increased its position in shares of DuPont de Nemours by 100.6% during the third quarter. Townsquare Capital LLC now owns 7,090 shares of the basic materials company’s stock worth $632,000 after buying an additional 3,555 shares during the period. Benjamin Edwards Inc. increased its position in shares of DuPont de Nemours by 29.1% during the third quarter. Benjamin Edwards Inc. now owns 8,798 shares of the basic materials company’s stock worth $786,000 after buying an additional 1,981 shares during the period. Garden State Investment Advisory Services LLC acquired a new position in DuPont de Nemours in the third quarter valued at $203,000. Finally, Hilltop Holdings Inc. boosted its position in DuPont de Nemours by 24.2% during the third quarter. Hilltop Holdings Inc. now owns 5,993 shares of the basic materials company’s stock valued at $534,000 after acquiring an additional 1,167 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on DD shares. Royal Bank of Canada lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wolfe Research raised 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 research report on Friday, January 17th. 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. Finally, BMO Capital Markets raised their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Trading Up 0.4 %

NYSE:DD opened at $75.00 on Wednesday. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06. The company has a market cap of $31.36 billion, a PE ratio of 44.91, 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 firm has a 50-day moving average of $78.33 and a 200-day moving average of $80.67.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping 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, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.19%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is currently 98.20%.

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.