Douglass Winthrop Advisors LLC Lowers Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Douglass Winthrop Advisors LLC lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,161 shares of the basic materials company’s stock after selling 523 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in DuPont de Nemours were worth $470,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth about $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth approximately $29,000. Vision Financial Markets LLC purchased a new position in DuPont de Nemours during the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $33,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 2.2 %

DD stock opened at $75.25 on Friday. The firm has a fifty day moving average price of $78.46 and a two-hundred day moving average price of $80.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06. The firm has a market cap of $31.46 billion, a price-to-earnings ratio of 45.06, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued 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%. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.18%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

Analysts Set New Price Targets

DD has been the subject of a number of research reports. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Citigroup raised their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

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.