Mariner LLC Has $8.03 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Mariner LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,254 shares of the basic materials company’s stock after selling 1,591 shares during the period. Mariner LLC’s holdings in DuPont de Nemours were worth $8,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of DuPont de Nemours by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock worth $3,552,961,000 after acquiring an additional 353,010 shares in the last quarter. Franklin Resources Inc. lifted its holdings in DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after purchasing an additional 483,722 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares during the period. FMR LLC grew its holdings in DuPont de Nemours by 3.2% during the fourth quarter. FMR LLC now owns 2,828,397 shares of the basic materials company’s stock valued at $215,665,000 after purchasing an additional 88,479 shares during the last quarter. Finally, Boston Partners raised its position in shares of DuPont de Nemours by 32.7% in the fourth quarter. Boston Partners now owns 2,213,133 shares of the basic materials company’s stock valued at $168,759,000 after purchasing an additional 545,087 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DD has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective 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. 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 report on Thursday, February 13th. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and dropped their price objective for the stock from $80.00 to $75.00 in a research note on Tuesday. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Royal Bank of Canada dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.71.

DuPont de Nemours Stock Up 1.5 %

DD opened at $60.13 on Friday. The company has a market capitalization of $25.16 billion, a P/E ratio of 36.01, a P/E/G ratio of 2.15 and a beta of 1.25. 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’s fifty day moving average price is $73.41 and its two-hundred day moving average price is $78.20. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06.

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

DuPont de Nemours Increases Dividend

The business also recently announced 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 dividend yield of 2.73%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) 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.