Gamco Investors INC. ET AL Sells 2,740 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Gamco Investors INC. ET AL cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 160,552 shares of the basic materials company’s stock after selling 2,740 shares during the period. Gamco Investors INC. ET AL’s holdings in DuPont de Nemours were worth $12,242,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DD. Norges Bank purchased a new stake in DuPont de Nemours in the fourth quarter worth $146,605,000. Prudential Financial Inc. lifted its position in shares of DuPont de Nemours by 337.5% in the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock worth $97,492,000 after purchasing an additional 986,366 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares in the last quarter. Schroder Investment Management Group increased its position in shares of DuPont de Nemours by 194.7% during the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after buying an additional 756,604 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at about $50,063,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DD shares. Mizuho cut their price objective on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. dropped their price target on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Friday, January 17th. Bank of America upgraded shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $75.00 in a report on Tuesday. Finally, Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.71.

DuPont de Nemours Stock Performance

Shares of DD opened at $60.47 on Wednesday. The company has a market cap of $25.31 billion, a price-to-earnings ratio of 36.21, a P/E/G ratio of 2.15 and a beta of 1.25. The business’s fifty day simple moving average is $74.48 and its two-hundred day simple moving average is $78.72. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

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, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.71%. DuPont de Nemours’s dividend payout ratio is 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.