Cornercap Investment Counsel Inc. Sells 367 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Cornercap Investment Counsel Inc. cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,931 shares of the basic materials company’s stock after selling 367 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $681,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DD. Norges Bank bought a new position in DuPont de Nemours in the 4th quarter valued at approximately $146,605,000. Prudential Financial Inc. raised its stake in shares of DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock worth $97,492,000 after purchasing an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at $50,063,000. Finally, Franklin Resources Inc. increased its holdings in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DD shares. Citigroup upped 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. Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased 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 Wednesday, January 15th. Royal Bank of Canada dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Down 2.6 %

DD stock opened at $74.00 on Friday. The business’s 50-day moving average price is $78.45 and its 200-day moving average price is $80.75. The stock has a market cap of $30.94 billion, a P/E ratio of 44.31, a PEG ratio of 2.15 and a beta of 1.29. 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, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.22%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is currently 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.