DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 63.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,146 shares of the basic materials company’s stock after selling 514,993 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 0.07% of DuPont de Nemours worth $22,810,000 at the end of the most recent reporting period.

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

DuPont de Nemours Stock Down 2.6 %

Shares of NYSE:DD opened at $74.00 on Monday. The firm has a 50 day simple moving average of $78.45 and a 200-day simple moving average of $80.75. DuPont de Nemours, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $30.94 billion, a PE ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

Wall Street Analyst Weigh In

Several research firms have commented on DD. UBS Group boosted their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wells Fargo & Company reduced their price target on 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. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

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.