Amalgamated Bank Has $6.20 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

Amalgamated Bank reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 81,362 shares of the basic materials company’s stock after selling 2,755 shares during the quarter. Amalgamated Bank’s holdings in DuPont de Nemours were worth $6,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted 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 lifted its holdings in shares of DuPont de Nemours by 1.0% during the third 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 last quarter. Franklin Resources Inc. increased its position in DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares during the period. Charles Schwab Investment Management Inc. raised its stake in DuPont de Nemours by 1.4% during 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 purchasing an additional 39,189 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted 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 valued at $176,147,000 after purchasing an additional 365,796 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $81.46 on Thursday. The firm has a market capitalization of $34.05 billion, a P/E ratio of 48.78, a P/E/G ratio of 2.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a fifty day moving average price of $77.83 and a two-hundred day moving average price of $81.30. DuPont de Nemours, Inc. has a 52-week low of $68.21 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data 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 net margin of 5.47% and a return on equity of 7.12%. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. 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. DuPont de Nemours’s dividend payout ratio (DPR) is currently 91.02%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. Finally, UBS Group lifted their price target on shares of 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. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

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.