DuPont de Nemours, Inc. (NYSE:DD) Position Decreased by Geode Capital Management LLC

Geode Capital Management LLC reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,937,442 shares of the basic materials company’s stock after selling 14,673 shares during the quarter. Geode Capital Management LLC’s holdings in DuPont de Nemours were worth $755,706,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DD. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $29,000. Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter worth $31,000. Golden State Wealth Management LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $33,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at $35,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $75.27 on Thursday. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The stock’s 50-day moving average is $78.28 and its two-hundred day moving average is $80.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a market cap of $31.47 billion, a P/E ratio of 45.07, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping 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 predict 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. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.18%. 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 analysts have issued reports on the company. BMO Capital Markets boosted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. UBS Group increased their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, 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. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.