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

Alliancebernstein L.P. lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.7% during the 4th quarter, according to its most recent 13F 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 period. Alliancebernstein L.P. owned 0.12% of DuPont de Nemours worth $38,585,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its stake in DuPont de Nemours by 30.8% during the 4th quarter. Clearbridge Investments LLC now owns 33,556 shares of the basic materials company’s stock worth $2,559,000 after acquiring an additional 7,910 shares in the last quarter. United Bank increased its position in shares of DuPont de Nemours by 14.4% during the fourth quarter. United Bank now owns 12,604 shares of the basic materials company’s stock worth $961,000 after purchasing an additional 1,589 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of DuPont de Nemours by 97.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 24,306 shares of the basic materials company’s stock worth $1,810,000 after purchasing an additional 11,980 shares in the last quarter. RWA Wealth Partners LLC lifted its holdings in shares of DuPont de Nemours by 7.6% in the 4th quarter. RWA Wealth Partners LLC now owns 4,199 shares of the basic materials company’s stock valued at $320,000 after purchasing an additional 295 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of DuPont de Nemours by 194.7% in the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after purchasing an additional 756,604 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wolfe Research upgraded 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 note on Friday, January 17th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. UBS Group upped their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company reduced their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Trading Down 13.0 %

Shares of DD stock opened at $58.96 on Friday. DuPont de Nemours, Inc. has a 1-year low of $56.18 and a 1-year high of $90.06. 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 business’s fifty day moving average price is $77.71 and its 200 day moving average price is $80.36. The firm has a market capitalization of $24.65 billion, a PE ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 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%. As a group, sell-side 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. Investors of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.78%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend 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.