Sanctuary Advisors LLC Sells 1,781 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sanctuary Advisors LLC decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.9% during the fourth quarter, HoldingsChannel reports. The fund owned 44,352 shares of the basic materials company’s stock after selling 1,781 shares during the quarter. Sanctuary Advisors LLC’s holdings in DuPont de Nemours were worth $3,400,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in DuPont de Nemours in the 4th quarter valued at $29,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours in the fourth quarter worth $33,000. R Squared Ltd bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the third quarter valued at $38,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 1.4 %

DD opened at $81.67 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a market cap of $34.14 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 2.14 and a beta of 1.34. DuPont de Nemours, Inc. has a 12 month low of $68.21 and a 12 month high of $90.06. The stock has a fifty day moving average price of $77.68 and a 200-day moving average price of $81.20.

DuPont de Nemours (NYSE:DD) last announced 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%. As a group, equities 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. DuPont de Nemours’s dividend payout ratio is presently 91.02%.

Wall Street Analyst Weigh In

Several research firms recently commented on DD. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research note on Friday, January 17th. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup raised their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets upped their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $98.75.

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.