Brown Brothers Harriman & Co. Reduces Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Brown Brothers Harriman & Co. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,264 shares of the basic materials company’s stock after selling 145 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in DuPont de Nemours were worth $2,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DD. Hager Investment Management Services LLC bought a new position in DuPont de Nemours in the fourth quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $29,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $33,000. Finally, Noble Wealth Management PBC bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $35,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DD stock opened at $74.00 on Friday. The stock’s 50 day simple moving average is $78.45 and its 200 day simple moving average is $80.75. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06. The stock has a market capitalization of $30.94 billion, a PE ratio of 44.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data 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 return on equity of 7.12% and a net margin of 5.47%. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.22%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is presently 98.20%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Royal Bank of Canada lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered 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 report on Wednesday, January 15th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Citigroup raised their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.