DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,890 shares of the basic materials company’s stock after selling 437 shares during the quarter. Transcend Capital Advisors LLC’s holdings in DuPont de Nemours were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Choreo LLC grew its position in shares of DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after acquiring an additional 8,205 shares in the last quarter. Merit Financial Group LLC grew its position in shares of 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 worth $1,410,000 after acquiring an additional 4,939 shares in the last quarter. Jennison Associates LLC grew its position in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after acquiring an additional 9,730 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of DuPont de Nemours by 4.6% in the 3rd 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 in the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in shares of DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock worth $3,215,000 after acquiring an additional 10,012 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 1.4 %

Shares of DuPont de Nemours stock opened at $81.67 on Monday. The business’s fifty day moving average price is $77.68 and its two-hundred day moving average price is $81.25. 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 company has a market capitalization of $34.14 billion, a P/E ratio of 48.90, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 1-year low of $68.21 and a 1-year 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 earnings per share 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%. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 91.02%.

Analysts Set New Price Targets

Several brokerages have recently commented on DD. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on 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. JPMorgan Chase & Co. reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $98.75.

About DuPont de Nemours

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.