Sentry Investment Management LLC Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Sentry Investment Management LLC cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 14.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,710 shares of the basic materials company’s stock after selling 278 shares during the quarter. Sentry Investment Management LLC’s holdings in DuPont de Nemours were worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp boosted its holdings in DuPont de Nemours by 2.4% during the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after acquiring an additional 399,728 shares during the period. Geode Capital Management LLC lifted its holdings in DuPont de Nemours by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after buying an additional 100,198 shares during the period. Franklin Resources Inc. lifted its holdings in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in DuPont de Nemours by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after buying an additional 39,189 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in DuPont de Nemours by 22.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock worth $176,147,000 after buying an additional 365,796 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 0.5 %

DD stock opened at $81.46 on Thursday. DuPont de Nemours, Inc. has a twelve month low of $68.21 and a twelve month high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap 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. The business has a 50 day moving average of $77.83 and a 200 day moving average of $81.30.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed 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 represents a $1.64 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 91.02%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DD. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Citigroup increased 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. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Thursday, February 20th. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

About DuPont de Nemours

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.