MML Investors Services LLC Reduces Position in DuPont de Nemours, Inc. (NYSE:DD)

MML Investors Services LLC reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,470 shares of the basic materials company’s stock after selling 6,924 shares during the quarter. MML Investors Services LLC’s holdings in DuPont de Nemours were worth $5,907,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours in the 4th quarter worth about $26,000. Aster Capital Management DIFC Ltd increased its position in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 302 shares during the period. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth $31,000. Finally, Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours in the fourth quarter worth about $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 4.8 %

NYSE:DD opened at $66.07 on Friday. 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 twelve month low of $53.77 and a twelve month high of $90.06. The company has a market cap of $27.65 billion, a PE ratio of 39.56, a P/E/G ratio of 2.15 and a beta of 1.25. The company’s 50 day moving average is $71.78 and its two-hundred day moving average is $77.53.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. Analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.48%. 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 dividend payout ratio (DPR) is presently 98.20%.

Analysts Set New Price Targets

DD has been the subject of a number of recent research reports. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.93.

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.