DuPont de Nemours, Inc. (NYSE:DD) Position Trimmed by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,120,690 shares of the basic materials company’s stock after selling 11,739 shares during the period. Nuveen Asset Management LLC owned about 1.70% of DuPont de Nemours worth $542,953,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours during the fourth quarter worth about $26,000. Aster Capital Management DIFC Ltd lifted its holdings in DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares during the period. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours in the fourth quarter worth about $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours in the fourth quarter worth about $31,000. Finally, Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the fourth quarter worth about $33,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DD shares. Morgan Stanley reduced their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Mizuho cut their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. UBS Group cut their price target on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a report on Friday, January 17th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.07.

DuPont de Nemours Price Performance

NYSE DD opened at $68.49 on Thursday. The stock’s 50-day moving average price is $67.84 and its two-hundred day moving average price is $75.76. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market cap of $28.66 billion, a PE ratio of 41.01, a PEG ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. On average, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.39%. DuPont de Nemours’s payout ratio is presently -863.16%.

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.