Envestnet Asset Management Inc. Decreases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Envestnet Asset Management Inc. lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,749 shares of the basic materials company's stock after selling 13,847 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.17% of DuPont de Nemours worth $54,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in DuPont de Nemours in the 4th quarter worth approximately $146,605,000. Prudential Financial Inc. grew its holdings in shares of 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 worth $97,492,000 after purchasing an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of 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 worth $80,707,000 after buying an additional 859,333 shares during the period. Schroder Investment Management Group raised its holdings in DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after buying an additional 756,604 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in DuPont de Nemours in the 4th quarter worth $50,063,000. 73.96% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several analysts recently issued reports on DD shares. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. Wells Fargo & Company reduced their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday. Royal Bank of Canada dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $93.33.

DuPont de Nemours Stock Up 2.0 %

NYSE:DD traded up $1.14 during trading hours on Friday, reaching $58.80. 3,784,398 shares of the company traded hands, compared to its average volume of 2,358,631. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The stock has a market capitalization of $24.61 billion, a P/E ratio of 35.21, a P/E/G ratio of 2.15 and a beta of 1.25. The business's 50-day moving average price is $75.15 and its two-hundred day moving average price is $79.12. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

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 EPS for the quarter, beating 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%. Analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.79%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's dividend payout ratio (DPR) is currently 98.20%.

DuPont de Nemours 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.