Bank of Nova Scotia Trust Co. Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Bank of Nova Scotia Trust Co. lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,666 shares of the basic materials company’s stock after selling 1,643 shares during the period. Bank of Nova Scotia Trust Co.’s holdings in DuPont de Nemours were worth $2,491,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd increased its holdings in shares of DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 302 shares during the period. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth $31,000. Finally, Golden State Wealth Management LLC purchased a new position in DuPont de Nemours during the 4th quarter worth $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on DD. Wells Fargo & Company lowered their price target on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. lowered their target price on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Mizuho cut their price target on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday. BMO Capital Markets lifted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.71.

DuPont de Nemours Stock Up 1.5 %

DuPont de Nemours stock opened at $60.13 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The firm has a market capitalization of $25.16 billion, a price-to-earnings ratio of 36.01, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The stock’s fifty day moving average is $73.41 and its two-hundred day moving average is $78.20. 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 (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. Analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.73%. This is a boost 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 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.