Corebridge Financial Inc. Sells 4,699 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Corebridge Financial Inc. trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,966 shares of the basic materials company’s stock after selling 4,699 shares during the period. Corebridge Financial Inc.’s holdings in DuPont de Nemours were worth $7,546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours in the 4th quarter worth $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the fourth quarter worth $29,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours in the fourth quarter valued at $31,000. Golden State Wealth Management LLC bought a new stake in DuPont de Nemours during the fourth quarter worth about $33,000. Finally, Noble Wealth Management PBC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth about $35,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wells Fargo & Company dropped 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. BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Citigroup lifted their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Down 2.6 %

Shares of NYSE:DD opened at $74.00 on Friday. The stock’s 50-day moving average is $78.45 and its 200 day moving average is $80.74. The company has a market cap of $30.94 billion, a PE ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29. 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.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. Sell-side analysts anticipate 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. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. DuPont de Nemours’s payout ratio is presently 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.