Ritholtz Wealth Management Lowers Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Ritholtz Wealth Management lessened its holdings in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 8.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,966 shares of the basic materials company’s stock after selling 471 shares during the period. Ritholtz Wealth Management’s holdings in DuPont de Nemours were worth $382,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. State Street Corp raised its stake in shares of DuPont de Nemours by 0.5% during the 2nd quarter. State Street Corp now owns 18,536,772 shares of the basic materials company’s stock worth $1,324,267,000 after acquiring an additional 95,396 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in DuPont de Nemours by 114,597.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after purchasing an additional 11,960,552 shares in the last quarter. Invesco Ltd. increased its stake in DuPont de Nemours by 6.7% during the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after purchasing an additional 639,246 shares in the last quarter. Nuveen Asset Management LLC increased its stake in DuPont de Nemours by 19.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock valued at $550,413,000 after purchasing an additional 1,261,028 shares in the last quarter. Finally, Morgan Stanley boosted its holdings in shares of DuPont de Nemours by 6.9% in the 4th quarter. Morgan Stanley now owns 7,696,931 shares of the basic materials company’s stock valued at $528,241,000 after acquiring an additional 498,633 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DD shares. Mizuho dropped their price objective on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Wolfe Research began coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $76.60.

Check Out Our Latest Research Report on DuPont de Nemours

DuPont de Nemours Stock Performance

DD opened at $77.18 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The company has a market cap of $32.23 billion, a price-to-earnings ratio of 82.99, a PEG ratio of 2.54 and a beta of 1.40. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $78.74. The firm’s fifty day simple moving average is $69.79 and its two-hundred day simple moving average is $71.98.

DuPont de Nemours (NYSE:DDGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the firm posted $0.89 earnings per share. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.46 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, February 28th. DuPont de Nemours’s dividend payout ratio is 163.44%.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

DuPont de Nemours Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DDFree Report).

Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.