Chesley Taft & Associates LLC Reduces Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Chesley Taft & Associates LLC reduced its holdings in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,012 shares of the basic materials company’s stock after selling 379 shares during the period. Chesley Taft & Associates LLC’s holdings in DuPont de Nemours were worth $616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of DuPont de Nemours by 0.5% in the 2nd quarter. State Street Corp now owns 18,536,772 shares of the basic materials company’s stock worth $1,324,267,000 after acquiring an additional 95,396 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in DuPont de Nemours by 114,597.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after buying an additional 11,960,552 shares in the last quarter. Invesco Ltd. lifted its holdings in DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after buying an additional 639,246 shares in the last quarter. Geode Capital Management LLC lifted its holdings in DuPont de Nemours by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 9,653,367 shares of the basic materials company’s stock valued at $687,808,000 after buying an additional 198,522 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in DuPont de Nemours by 19.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock valued at $550,413,000 after buying an additional 1,261,028 shares in the last quarter. 76.25% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.7 %

NYSE:DD opened at $75.06 on Friday. The company has a market cap of $31.34 billion, a PE ratio of 80.71, a P/E/G ratio of 2.48 and a beta of 1.39. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $69.50 and its two-hundred day moving average is $71.97.

DuPont de Nemours (NYSE:DDGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the business posted $0.89 EPS. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. Analysts anticipate that DuPont de Nemours, Inc. will post 3.44 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.03%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, February 28th. DuPont de Nemours’s payout ratio is presently 163.44%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DD shares. Barclays decreased their price objective on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. Wells Fargo & Company lowered shares of DuPont de Nemours from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $85.00 to $69.00 in a report on Wednesday, January 24th. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Wolfe Research began coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $75.67.

Read Our Latest Analysis on DuPont de Nemours

DuPont de Nemours Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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