Bank of Montreal Can Lowers Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Bank of Montreal Can lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 600,013 shares of the basic materials company's stock after selling 407,662 shares during the quarter. Bank of Montreal Can owned 0.14% of DuPont de Nemours worth $45,751,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Choreo LLC increased its stake in DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock worth $3,296,000 after purchasing an additional 8,205 shares during the period. Merit Financial Group LLC grew its stake in DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock worth $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth $1,343,000. Grandfield & Dodd LLC grew its position in shares of DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after buying an additional 3,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after buying an additional 91,108 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DD shares. Citigroup dropped their target price on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and set a $75.00 price objective for the company in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.71.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded down $0.08 during mid-day trading on Tuesday, hitting $60.89. The stock had a trading volume of 712,983 shares, compared to its average volume of 2,358,791. The firm has a market cap of $25.48 billion, a PE ratio of 36.46, a PEG ratio of 2.15 and a beta of 1.25. 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 has a 50 day moving average of $74.82 and a two-hundred day moving average of $78.85. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) 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%. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced 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 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 2.69%. DuPont de Nemours's payout ratio is currently 98.20%.

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.