Intech Investment Management LLC Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Intech Investment Management LLC decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,012 shares of the basic materials company’s stock after selling 7,209 shares during the period. Intech Investment Management LLC’s holdings in DuPont de Nemours were worth $1,678,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Choreo LLC lifted its position in DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after acquiring an additional 8,205 shares during the last quarter. Merit Financial Group LLC lifted its position in DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after acquiring an additional 4,939 shares during the last quarter. Jennison Associates LLC increased its stake in DuPont de Nemours by 2.0% during the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after purchasing an additional 9,730 shares in the last quarter. Grandfield & Dodd LLC increased its stake in DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 3,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after purchasing an additional 91,108 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. 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. 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 note on Thursday, February 13th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Wells Fargo & Company cut their price target 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. Finally, JPMorgan Chase & Co. cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Down 2.2 %

DD stock opened at $75.25 on Friday. The firm has a market cap of $31.46 billion, a PE ratio of 45.06, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm’s fifty day moving average is $78.46 and its 200 day moving average is $80.91. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly 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%. On average, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared 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 represents a $1.64 annualized dividend and a yield of 2.18%. The ex-dividend date was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 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.