DuPont de Nemours, Inc. (NYSE:DD) Stock Position Reduced by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,960 shares of the basic materials company's stock after selling 8,510 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in DuPont de Nemours were worth $5,487,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Level Four Advisory Services LLC lifted its holdings in DuPont de Nemours by 2.8% in the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock worth $357,000 after purchasing an additional 129 shares during the period. Lake Street Advisors Group LLC lifted its holdings in DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock worth $323,000 after purchasing an additional 132 shares during the period. Global Trust Asset Management LLC lifted its holdings in DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after purchasing an additional 133 shares during the period. Avior Wealth Management LLC lifted its holdings in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after purchasing an additional 137 shares during the period. Finally, Howard Capital Management Inc. lifted its holdings in DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock worth $214,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DD shares. Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective for the company in a report on Friday, January 17th. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday. Mizuho reduced their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, Bank of America raised 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. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $86.93.

DuPont de Nemours Trading Down 0.5 %

Shares of DuPont de Nemours stock traded down $0.35 during trading on Friday, hitting $65.70. The stock had a trading volume of 2,410,872 shares, compared to its average volume of 2,420,214. The stock has a 50 day simple moving average of $71.41 and a 200 day simple moving average of $77.28. The company has a market capitalization of $27.50 billion, a PE ratio of 39.34, a P/E/G ratio of 2.15 and a beta of 1.25. 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 1 year low of $53.77 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.50%. DuPont de Nemours's payout ratio is presently 98.20%.

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.