St. James Investment Company LLC Has $36.35 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

St. James Investment Company LLC lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 472,452 shares of the basic materials company's stock after selling 38,363 shares during the quarter. DuPont de Nemours makes up approximately 5.9% of St. James Investment Company LLC's holdings, making the stock its 5th biggest holding. St. James Investment Company LLC owned approximately 0.11% of DuPont de Nemours worth $36,346,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Flputnam Investment Management Co. bought a new stake in DuPont de Nemours during the 4th quarter worth about $211,000. Strs Ohio grew its holdings in DuPont de Nemours by 2.1% during the 4th quarter. Strs Ohio now owns 995,743 shares of the basic materials company's stock worth $76,602,000 after acquiring an additional 20,101 shares during the last quarter. Grove Bank & Trust grew its holdings in DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company's stock worth $41,000 after acquiring an additional 188 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in DuPont de Nemours during the 4th quarter worth about $2,000,000. Finally, Crestwood Advisors Group LLC bought a new position in shares of DuPont de Nemours in the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DD. Mizuho reduced 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 research note on Wednesday, February 7th. Citigroup lifted their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 10th. BMO Capital Markets lowered shares of DuPont de Nemours from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $80.00 to $72.00 in a research note on Wednesday, January 24th. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, DuPont de Nemours has an average rating of "Hold" and an average target price of $77.90.

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 2,354 shares of the business's 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 owns 15,587 shares of the company's stock, valued at $1,134,733.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company's stock.

DuPont de Nemours Stock Down 1.2 %

DD traded down $0.86 during trading on Tuesday, reaching $72.58. 2,314,214 shares of the stock were exchanged, compared to its average volume of 3,131,451. The stock has a market cap of $30.34 billion, a P/E ratio of 78.04, a price-to-earnings-growth ratio of 2.44 and a beta of 1.40. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $78.74. The stock's 50 day moving average price is $72.27 and its two-hundred day moving average price is $72.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The firm's revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts expect that DuPont de Nemours, Inc. will post 3.48 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.09%. 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 payout ratio is 163.44%.

DuPont de Nemours Profile

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.