Geode Capital Management LLC Has $755.71 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Geode Capital Management LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 0.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,937,442 shares of the basic materials company's stock after selling 14,673 shares during the period. Geode Capital Management LLC owned approximately 2.38% of DuPont de Nemours worth $755,706,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Nemes Rush Group LLC grew its position in DuPont de Nemours by 647.5% during the fourth quarter. Nemes Rush Group LLC now owns 3,102 shares of the basic materials company's stock worth $237,000 after buying an additional 2,687 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in shares of DuPont de Nemours by 8.9% during the 4th quarter. HighPoint Advisor Group LLC now owns 44,185 shares of the basic materials company's stock worth $3,441,000 after purchasing an additional 3,605 shares in the last quarter. Meridian Investment Counsel Inc. grew its holdings in shares of DuPont de Nemours by 1.2% during the 4th quarter. Meridian Investment Counsel Inc. now owns 40,484 shares of the basic materials company's stock worth $3,087,000 after purchasing an additional 469 shares in the last quarter. Franklin Resources Inc. increased its position in shares of DuPont de Nemours by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after purchasing an additional 483,722 shares during the period. Finally, Clearbridge Investments LLC raised its stake in DuPont de Nemours by 30.8% in the fourth quarter. Clearbridge Investments LLC now owns 33,556 shares of the basic materials company's stock valued at $2,559,000 after purchasing an additional 7,910 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

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DuPont de Nemours Price Performance

Shares of NYSE DD traded down $8.82 during mid-day trading on Friday, hitting $58.96. 11,808,821 shares of the stock traded hands, compared to its average volume of 2,276,487. DuPont de Nemours, Inc. has a twelve month low of $56.21 and a twelve month high of $90.06. The firm has a 50 day simple moving average of $77.71 and a two-hundred day simple moving average of $80.38. 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 company has a market cap of $24.65 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.78%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is presently 98.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. 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 note on Friday, January 17th. Wells Fargo & Company reduced their price target 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. BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, Citigroup boosted their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average 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.