Ameriprise Financial Inc. Sells 58,251 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ameriprise Financial Inc. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 568,875 shares of the basic materials company’s stock after selling 58,251 shares during the quarter. Ameriprise Financial Inc.’s holdings in DuPont de Nemours were worth $43,376,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of DuPont de Nemours by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock valued at $3,552,961,000 after buying an additional 353,010 shares during the last quarter. Franklin Resources Inc. raised its holdings in DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock valued at $525,683,000 after acquiring an additional 483,722 shares in the last quarter. Northern Trust Corp lifted its position in shares of DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock worth $376,051,000 after acquiring an additional 690,218 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company’s stock worth $260,276,000 after acquiring an additional 336,000 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of DuPont de Nemours by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company’s stock worth $236,909,000 after purchasing an additional 417,359 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Up 0.8%

DD opened at $66.77 on Monday. The firm’s 50-day simple moving average is $68.36 and its 200-day simple moving average is $75.93. 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, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The firm has a market cap of $27.94 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.46%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s payout ratio is presently -863.16%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DD shares. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Mizuho lowered their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Barclays cut their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $85.07.

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.