Wealthfront Advisers LLC Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Wealthfront Advisers LLC reduced its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 89.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,319 shares of the basic materials company's stock after selling 28,707 shares during the quarter. Wealthfront Advisers LLC's holdings in DuPont de Nemours were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DD. Choreo LLC increased its holdings in shares of DuPont de Nemours by 23.4% during the fourth 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 grew its position in DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock valued at $1,410,000 after buying an additional 4,939 shares during the period. Jennison Associates LLC increased its stake in shares of DuPont de Nemours by 2.0% during the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company's stock worth $43,756,000 after purchasing an additional 9,730 shares during the last quarter. Grandfield & Dodd LLC raised its stake in shares of 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 buying an additional 3,155 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after purchasing an additional 91,108 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 Trading Down 0.8 %

Shares of DD traded down $0.63 during midday trading on Tuesday, hitting $77.07. 2,411,600 shares of the stock were exchanged, compared to its average volume of 2,093,663. The firm has a market cap of $32.22 billion, a P/E ratio of 46.15, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. 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 stock has a fifty day simple moving average of $78.25 and a 200 day simple moving average of $81.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last released 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%. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio is currently 98.20%.

Analysts Set New Price Targets

A number of research analysts have recently commented 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 target for the company in a research report on Friday, January 17th. UBS Group raised their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Citigroup boosted their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of "Moderate Buy" and a consensus 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.