Reynders McVeigh Capital Management LLC Has $638,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Reynders McVeigh Capital Management LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,365 shares of the basic materials company’s stock after selling 315 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in DuPont de Nemours were worth $638,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd lifted its position in shares of DuPont de Nemours by 479.4% during 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 bought a new position in shares of DuPont de Nemours in the fourth quarter worth $29,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $31,000. Finally, Golden State Wealth Management LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank of Canada reduced 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 report on Monday, February 10th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. BMO Capital Markets raised their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Citigroup lowered their target price on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.33.

DuPont de Nemours Trading Up 2.0 %

NYSE DD opened at $58.80 on Friday. The firm has a market capitalization of $24.61 billion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The business’s 50-day moving average price is $75.15 and its two-hundred day moving average price is $79.12. 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 $53.77 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating 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%. On average, 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.79%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend 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.