DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 506,033 shares of the basic materials company’s stock after selling 3,353 shares during the quarter. Alliancebernstein L.P.’s holdings in DuPont de Nemours were worth $38,585,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DD. Choreo LLC lifted its position in shares of DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after acquiring an additional 8,205 shares in the last quarter. Merit Financial Group LLC lifted its holdings in DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Grandfield & Dodd LLC raised its position in shares of DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after buying an additional 3,155 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after buying an additional 91,108 shares during the period. Finally, Principal Financial Group Inc. boosted its position in DuPont de Nemours by 4.6% during the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 21,435 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. BMO Capital Markets lifted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Citigroup lifted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. UBS Group increased their target price on shares of 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, Wells Fargo & Company dropped their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Down 13.0 %

Shares of NYSE:DD opened at $58.96 on Friday. The firm has a market cap of $24.65 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The company has a fifty day simple moving average of $77.71 and a 200 day simple moving average of $80.36. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12-month low of $56.18 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. On average, equities research analysts anticipate 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. Investors of record on Monday, March 3rd were issued a $0.41 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Monday, March 3rd. 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.