Blair William & Co. IL Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Blair William & Co. IL cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,935 shares of the basic materials company’s stock after selling 673 shares during the period. Blair William & Co. IL’s holdings in DuPont de Nemours were worth $6,019,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. United Bank lifted its stake in DuPont de Nemours by 2.7% in the third quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after buying an additional 290 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of DuPont de Nemours by 16.2% in the 3rd quarter. Fisher Asset Management LLC now owns 4,900 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 684 shares during the period. Townsquare Capital LLC raised its position in DuPont de Nemours by 100.6% in the 3rd quarter. Townsquare Capital LLC now owns 7,090 shares of the basic materials company’s stock valued at $632,000 after purchasing an additional 3,555 shares during the last quarter. Freedom Investment Management Inc. acquired a new stake in DuPont de Nemours during the 3rd quarter worth $424,000. Finally, CreativeOne Wealth LLC grew its position in DuPont de Nemours by 119.0% during the 3rd quarter. CreativeOne Wealth LLC now owns 6,220 shares of the basic materials company’s stock worth $554,000 after purchasing an additional 3,380 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $74.00 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market cap of $30.94 billion, a PE ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06. The stock has a fifty day moving average price of $78.45 and a 200 day moving average price of $80.75.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating 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%. Sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DD shares. UBS Group upped their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Royal Bank of Canada lowered their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Wolfe Research upgraded shares of 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 note on Friday, January 17th. Finally, BMO Capital Markets boosted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.