Wilmington Savings Fund Society FSB reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 12.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,528 shares of the basic materials company’s stock after selling 15,705 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in DuPont de Nemours were worth $8,299,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. raised its position in DuPont de Nemours by 39.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 104,565 shares of the basic materials company’s stock valued at $8,146,000 after purchasing an additional 29,473 shares in the last quarter. Xponance Inc. increased its stake in shares of DuPont de Nemours by 113.6% during the third quarter. Xponance Inc. now owns 134,797 shares of the basic materials company’s stock valued at $10,501,000 after buying an additional 71,695 shares during the period. Drummond Knight Asset Management Pty Ltd raised its holdings in shares of DuPont de Nemours by 107.9% in the second quarter. Drummond Knight Asset Management Pty Ltd now owns 704,489 shares of the basic materials company’s stock valued at $48,321,000 after acquiring an additional 365,619 shares in the last quarter. Citigroup Inc. lifted its stake in DuPont de Nemours by 20.2% in the third quarter. Citigroup Inc. now owns 572,650 shares of the basic materials company’s stock worth $44,609,000 after acquiring an additional 96,062 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in DuPont de Nemours by 33.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 524,356 shares of the basic materials company’s stock worth $35,966,000 after acquiring an additional 132,427 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.
DuPont de Nemours Stock Performance
DD stock opened at $45.52 on Wednesday. DuPont de Nemours, Inc. has a one year low of $22.50 and a one year high of $52.66. The firm has a market cap of $18.61 billion, a price-to-earnings ratio of -24.47, a PEG ratio of 1.13 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.91 and a current ratio of 2.42. The firm has a 50-day simple moving average of $46.47 and a two-hundred day simple moving average of $39.99.
DuPont de Nemours Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. DuPont de Nemours’s dividend payout ratio is presently -43.01%.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. KeyCorp boosted their price target on shares of DuPont de Nemours from $51.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Mizuho increased their price objective on shares of DuPont de Nemours from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Royal Bank Of Canada lifted their price objective on shares of DuPont de Nemours from $51.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, February 17th. Argus lowered their target price on DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.86.
Read Our Latest Stock Analysis on DD
DuPont de Nemours Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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