DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,995 shares of the basic materials company's stock after selling 7,100 shares during the quarter. Alberta Investment Management Corp's holdings in DuPont de Nemours were worth $8,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Assenagon Asset Management S.A. grew its position in shares of DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock worth $80,707,000 after acquiring an additional 859,333 shares during the last quarter. Franklin Resources Inc. grew its position in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock worth $556,751,000 after acquiring an additional 570,703 shares during the last quarter. Zacks Investment Management purchased a new position in shares of DuPont de Nemours during the third quarter worth approximately $42,810,000. Two Sigma Advisers LP grew its position in shares of DuPont de Nemours by 48.3% during the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company's stock worth $126,171,000 after acquiring an additional 461,400 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of DuPont de Nemours by 164.9% during the third quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company's stock worth $63,983,000 after acquiring an additional 446,948 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DD. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Citigroup lifted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada lowered their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Wolfe Research upgraded shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective on the stock in a research report on Friday, January 17th. Finally, StockNews.com upgraded shares of DuPont de Nemours from a "hold" rating to a "buy" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $98.75.

DuPont de Nemours Price Performance

Shares of NYSE DD traded down $1.19 during trading on Friday, hitting $81.67. 2,763,048 shares of the company were exchanged, compared to its average volume of 2,542,163. The company has a market cap of $34.14 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 1 year low of $68.21 and a 1 year high of $90.06. The firm's fifty day moving average price is $77.68 and its 200 day moving average price is $81.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

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

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's payout ratio is 91.02%.

DuPont de Nemours Company 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.