Barrow Hanley Mewhinney & Strauss LLC Trims Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 63.3% during the 4th quarter, HoldingsChannel reports. The firm owned 299,146 shares of the basic materials company’s stock after selling 514,993 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in DuPont de Nemours were worth $22,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. United Bank raised its holdings in DuPont de Nemours by 2.7% during the third quarter. United Bank now owns 11,015 shares of the basic materials company’s stock worth $982,000 after purchasing an additional 290 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of DuPont de Nemours by 16.2% during the 3rd quarter. Fisher Asset Management LLC now owns 4,900 shares of the basic materials company’s stock worth $437,000 after buying an additional 684 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of DuPont de Nemours by 100.6% in the 3rd quarter. Townsquare Capital LLC now owns 7,090 shares of the basic materials company’s stock valued at $632,000 after buying an additional 3,555 shares during the period. Freedom Investment Management Inc. purchased a new stake in shares of DuPont de Nemours in the third quarter valued at approximately $424,000. Finally, CreativeOne Wealth LLC grew its holdings in DuPont de Nemours by 119.0% during the third quarter. CreativeOne Wealth LLC now owns 6,220 shares of the basic materials company’s stock worth $554,000 after acquiring an additional 3,380 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DD. Wells Fargo & Company reduced their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Citigroup boosted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. Three 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 company currently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Down 2.6 %

Shares of NYSE:DD opened at $74.00 on Monday. 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 capitalization of $30.94 billion, a P/E ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. The stock’s fifty day simple moving average is $78.45 and its 200-day simple moving average is $80.75.

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%. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.22%. DuPont de Nemours’s payout ratio is 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.