Corebridge Financial Inc. Sells 4,699 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Corebridge Financial Inc. lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,966 shares of the basic materials company's stock after selling 4,699 shares during the quarter. Corebridge Financial Inc.'s holdings in DuPont de Nemours were worth $7,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Choreo LLC raised its holdings in shares of DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock valued at $3,296,000 after acquiring an additional 8,205 shares in the last quarter. Merit Financial Group LLC increased its position in shares of 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 during the last quarter. Grandfield & Dodd LLC raised its stake in DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock valued at $575,000 after purchasing an additional 3,155 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in 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 purchasing an additional 91,108 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company's stock worth $43,727,000 after buying an additional 21,435 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective for the company in a report on Friday, January 17th. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. StockNews.com cut DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Citigroup upped their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada decreased their price target on shares of 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. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.17.

DuPont de Nemours Trading Up 0.9 %

DD traded up $0.69 during trading on Monday, hitting $74.72. 2,924,593 shares of the stock traded hands, compared to its average volume of 2,224,131. The firm has a market capitalization of $31.24 billion, a P/E ratio of 44.74, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a 50-day moving average of $78.45 and a 200 day moving average of $80.75.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results 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%. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. 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 2.19%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours's payout ratio is presently 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.