Pinnacle Wealth Planning Services Inc. Cuts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Pinnacle Wealth Planning Services Inc. trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 40.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,362 shares of the basic materials company’s stock after selling 2,330 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in DuPont de Nemours were worth $256,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at about $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $31,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at about $38,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DD shares. Wolfe Research raised 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 report on Friday, January 17th. Royal Bank of Canada dropped 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 report on Monday, February 10th. UBS Group raised their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. dropped 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 report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $78.21 on Friday. DuPont de Nemours, Inc. has a twelve month low of $71.29 and a twelve month high of $90.06. The stock has a market capitalization of $32.70 billion, a PE ratio of 46.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The firm’s 50 day moving average price is $78.12 and its 200-day moving average price is $81.30. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last released its earnings results 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 net margin of 5.47% and a return on equity of 7.12%. Equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.10%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 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.