ARK Investment Management LLC Sells 174 Shares of DuPont de Nemours, Inc. (NYSE:DD)

ARK Investment Management LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,058 shares of the basic materials company’s stock after selling 174 shares during the quarter. ARK Investment Management LLC’s holdings in DuPont de Nemours were worth $81,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DD. Hager Investment Management Services LLC bought a new position in DuPont de Nemours in the fourth quarter valued at about $26,000. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $29,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at about $38,000. Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $33,000. Finally, FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the third quarter worth approximately $39,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DD has been the subject of a number of research reports. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Citigroup lifted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, UBS Group raised their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Down 0.5 %

Shares of DD opened at $81.46 on Thursday. The business’s 50 day moving average is $77.83 and its 200 day moving average is $81.30. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12-month low of $68.21 and a 12-month high of $90.06. The company has a market capitalization of $34.05 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.41 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.01%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 91.02%.

DuPont de Nemours 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.