Bank of New York Mellon Corp Sells 165,408 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Bank of New York Mellon Corp decreased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,309,771 shares of the basic materials company's stock after selling 165,408 shares during the period. Bank of New York Mellon Corp owned 0.79% of DuPont de Nemours worth $252,370,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in shares of DuPont de Nemours by 2.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company's stock worth $1,793,000 after purchasing an additional 540 shares during the period. International Assets Investment Management LLC boosted its stake in DuPont de Nemours by 4,211.4% during the third quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company's stock valued at $22,363,000 after buying an additional 245,143 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in DuPont de Nemours by 31.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,456 shares of the basic materials company's stock worth $2,369,000 after buying an additional 6,353 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in DuPont de Nemours by 7.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 99,246 shares of the basic materials company's stock worth $8,844,000 after acquiring an additional 6,635 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of DuPont de Nemours by 1.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 62,530 shares of the basic materials company's stock valued at $5,577,000 after acquiring an additional 933 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

NYSE DD opened at $81.46 on Thursday. The company has a 50-day simple moving average of $77.83 and a two-hundred day simple moving average of $81.30. DuPont de Nemours, Inc. has a 12-month low of $68.21 and a 12-month high of $90.06. The firm has a market cap of $34.05 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 2.15 and a beta of 1.34. 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 (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.41 dividend. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. DuPont de Nemours's dividend payout ratio (DPR) is currently 91.02%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com raised DuPont de Nemours from a "hold" rating to a "buy" rating in a report on Thursday, February 20th. Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. 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 Wednesday, January 15th. UBS Group lifted their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Royal Bank of Canada reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $99.17.

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.

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