Clifford Swan Investment Counsel LLC Trims Position in DuPont de Nemours, Inc. (NYSE:DD)

Clifford Swan Investment Counsel LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,091 shares of the basic materials company’s stock after selling 7,550 shares during the quarter. Clifford Swan Investment Counsel LLC owned 0.06% of DuPont de Nemours worth $20,061,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp increased its position in shares of 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 worth $1,513,365,000 after purchasing an additional 399,728 shares during the last quarter. Geode Capital Management LLC increased its position in shares of DuPont de Nemours by 1.0% during 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 purchasing an additional 100,198 shares during the last quarter. Franklin Resources Inc. increased its position in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 valued at $247,501,000 after acquiring an additional 39,189 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position 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 valued at $176,147,000 after acquiring an additional 365,796 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DD shares. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, UBS Group lifted their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Price Performance

DD stock opened at $81.75 on Friday. The business has a 50 day moving average price of $78.00 and a 200 day moving average price of $81.34. The stock has a market cap of $34.18 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a fifty-two week low of $68.21 and a fifty-two week 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.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.01%. DuPont de Nemours’s payout ratio is presently 98.20%.

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.