DuPont de Nemours, Inc. (NYSE:DD) Stock Position Lowered by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lessened its position in DuPont de Nemours, Inc. (NYSE:DD) by 13.1% during the fourth quarter, Holdings Channel reports. 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 reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in shares of DuPont de Nemours by 2.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock worth $1,793,000 after purchasing an additional 540 shares during the period. International Assets Investment Management LLC raised its position in shares of DuPont de Nemours by 4,211.4% during the third quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company’s stock worth $22,363,000 after purchasing an additional 245,143 shares during the period. Allworth Financial LP raised its position in shares of DuPont de Nemours by 2.8% during the third quarter. Allworth Financial LP now owns 10,193 shares of the basic materials company’s stock worth $908,000 after purchasing an additional 282 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of DuPont de Nemours by 31.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,456 shares of the basic materials company’s stock worth $2,369,000 after purchasing an additional 6,353 shares during the period. Finally, Forsta AP Fonden raised its position in shares of DuPont de Nemours by 11.5% during the third quarter. Forsta AP Fonden now owns 82,300 shares of the basic materials company’s stock worth $7,334,000 after purchasing an additional 8,500 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price 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. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Citigroup lifted their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets lifted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” 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 company. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $98.75.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $81.67 on Monday. The business’s 50-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. DuPont de Nemours, Inc. has a one year low of $68.21 and a one year high of $90.06. The company has a market capitalization of $34.14 billion, a P/E ratio of 48.90, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 91.02%.

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.