Keybank National Association OH Trims Stake in DuPont de Nemours, Inc. (NYSE:DD)

Keybank National Association OH lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 90,543 shares of the basic materials company’s stock after selling 771 shares during the quarter. Keybank National Association OH’s holdings in DuPont de Nemours were worth $6,904,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI boosted its holdings in DuPont de Nemours by 9.2% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 5,399 shares of the basic materials company’s stock valued at $411,000 after acquiring an additional 457 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of DuPont de Nemours by 4.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,352 shares of the basic materials company’s stock worth $1,704,000 after purchasing an additional 977 shares during the last quarter. Grandfield & Dodd LLC boosted its stake in shares of DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 3,155 shares during the period. Finally, Plato Investment Management Ltd bought a new position in shares of DuPont de Nemours in the fourth quarter worth about $56,000. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

DD has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of 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. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. Finally, Citigroup raised their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Up 2.4 %

Shares of DuPont de Nemours stock opened at $79.57 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $33.26 billion, a P/E ratio of 47.65, a PEG ratio of 2.15 and a beta of 1.29. The firm’s 50 day moving average price is $78.09 and its 200-day moving average price is $81.32. DuPont de Nemours, Inc. has a 52-week low of $69.23 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be 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 is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.06%. DuPont de Nemours’s payout ratio is presently 98.20%.

About DuPont de Nemours

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.