DuPont de Nemours, Inc. (NYSE:DD) Stock Position Decreased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 175,553 shares of the basic materials company’s stock after selling 1,863 shares during the period. Royal London Asset Management Ltd.’s holdings in DuPont de Nemours were worth $13,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DD. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the 4th quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new position in DuPont de Nemours during the 4th quarter valued at about $33,000. Finally, Noble Wealth Management PBC acquired a new position in DuPont de Nemours during the 4th quarter valued at about $35,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 2.2 %

DD stock opened at $75.25 on Friday. DuPont de Nemours, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The firm has a market cap of $31.46 billion, a PE ratio of 45.06, a P/E/G ratio of 2.15 and a beta of 1.29. The firm has a 50 day simple moving average of $78.46 and a 200 day simple moving average of $80.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 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%. Equities research 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 company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is 98.20%.

Analyst Ratings Changes

A number of research analysts have issued reports on DD shares. 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 research note on Monday, February 10th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research note on Friday, January 17th. Finally, UBS Group upped 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, February 25th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.