DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,834 shares of the basic materials company’s stock after selling 822 shares during the quarter. Wrapmanager Inc.’s holdings in DuPont de Nemours were worth $369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Assenagon Asset Management S.A. increased its holdings in shares of DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares during the last quarter. Zacks Investment Management purchased a new position in shares of DuPont de Nemours during the 3rd quarter worth $42,810,000. Two Sigma Advisers LP boosted its position in shares of DuPont de Nemours by 48.3% during the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after acquiring an additional 461,400 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of DuPont de Nemours by 164.9% in the third quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock valued at $63,983,000 after purchasing an additional 446,948 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.2 %

Shares of DD opened at $81.82 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market capitalization of $34.20 billion, a PE ratio of 48.99, a P/E/G ratio of 2.15 and a beta of 1.34. The company’s 50-day simple moving average is $77.72 and its 200-day simple moving average is $81.27. 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 released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.00%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s payout ratio is presently 91.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays raised shares of 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 note on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, Citigroup increased their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours Company 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.