Zacks Investment Management Sells 26,785 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Zacks Investment Management decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 453,635 shares of the basic materials company's stock after selling 26,785 shares during the period. Zacks Investment Management owned about 0.11% of DuPont de Nemours worth $34,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $146,605,000. Marshall Wace LLP raised its position in shares of DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after acquiring an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. boosted its holdings in DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock valued at $97,492,000 after acquiring an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock valued at $80,707,000 after acquiring an additional 859,333 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in DuPont de Nemours by 194.7% during the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after purchasing an additional 756,604 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. KeyCorp upgraded shares of DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 price target for the company in a report on Monday, April 14th. Mizuho dropped their price target on 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 upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price objective for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their price target on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.71.

DuPont de Nemours Trading Down 2.0 %

Shares of NYSE DD traded down $1.23 during midday trading on Monday, reaching $58.91. The stock had a trading volume of 611,659 shares, compared to its average volume of 2,372,387. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The company's 50 day moving average price is $73.41 and its 200 day moving average price is $78.07. The firm has a market cap of $24.65 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.12% and a net margin of 5.47%. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Monday, March 3rd. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is 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.