Newport Trust Company LLC cut its position in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 24.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 377,898 shares of the basic materials company’s stock after selling 123,076 shares during the quarter. Newport Trust Company LLC’s holdings in DuPont de Nemours were worth $15,192,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of DD. Oppenheimer & Co. Inc. boosted its holdings in DuPont de Nemours by 39.2% in the third 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 during the period. Xponance Inc. boosted its holdings in DuPont de Nemours by 113.6% in the third quarter. Xponance Inc. now owns 134,797 shares of the basic materials company’s stock valued at $10,501,000 after purchasing an additional 71,695 shares during the period. Citigroup Inc. boosted its holdings 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 valued at $44,609,000 after purchasing an additional 96,062 shares during the period. Bank of New York Mellon Corp boosted its holdings in DuPont de Nemours by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 3,169,908 shares of the basic materials company’s stock valued at $246,936,000 after purchasing an additional 29,543 shares during the period. Finally, Lighthouse Investment Partners LLC boosted its holdings in DuPont de Nemours by 94.3% in the third quarter. Lighthouse Investment Partners LLC now owns 59,449 shares of the basic materials company’s stock valued at $4,631,000 after purchasing an additional 28,860 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.
DuPont de Nemours Stock Down 0.1%
Shares of NYSE DD opened at $47.20 on Friday. The company has a market capitalization of $19.35 billion, a price-to-earnings ratio of -786.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 2.11. The business has a 50-day moving average of $46.64 and a two-hundred day moving average of $44.43. DuPont de Nemours, Inc. has a 1 year low of $27.16 and a 1 year high of $52.66.
DuPont de Nemours Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 15th. DuPont de Nemours’s payout ratio is -1,333.33%.
Analyst Ratings Changes
A number of research analysts recently issued reports on DD shares. Mizuho lifted their target price on DuPont de Nemours from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. UBS Group lifted their target price on DuPont de Nemours from $56.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded DuPont de Nemours from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company lifted their target price on DuPont de Nemours from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, KeyCorp lifted their target price on DuPont de Nemours from $51.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.21.
Read Our Latest Stock Report on DuPont de Nemours
DuPont de Nemours Company 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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