Primecap Management Co. CA Reduces Stake in DuPont de Nemours, Inc. (NYSE:DD)

Primecap Management Co. CA trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,580,092 shares of the basic materials company’s stock after selling 79,434 shares during the quarter. Primecap Management Co. CA owned approximately 0.62% of DuPont de Nemours worth $196,732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Axxcess Wealth Management LLC boosted its stake in DuPont de Nemours by 4.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 31,204 shares of the basic materials company’s stock valued at $2,379,000 after acquiring an additional 1,453 shares during the last quarter. Wealth Architects LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $202,000. Parallel Advisors LLC lifted its stake in shares of DuPont de Nemours by 2.7% during the 4th quarter. Parallel Advisors LLC now owns 21,623 shares of the basic materials company’s stock valued at $1,649,000 after buying an additional 576 shares in the last quarter. Cibc World Markets Corp lifted its stake in shares of DuPont de Nemours by 299.4% during the 4th quarter. Cibc World Markets Corp now owns 226,469 shares of the basic materials company’s stock valued at $17,268,000 after buying an additional 169,771 shares in the last quarter. Finally, GWN Securities Inc. purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $556,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of recent research reports. UBS Group upped their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Citigroup upped their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Wolfe Research upgraded 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 research note on Friday, January 17th. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Price Performance

DD stock opened at $77.80 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06. The firm’s fifty day moving average is $78.25 and its 200 day moving average is $81.07. The firm has a market cap of $32.52 billion, a P/E ratio of 46.58, a P/E/G ratio of 2.15 and a beta of 1.29.

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

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.11%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

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.