Cerity Partners LLC Sells 4,861 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Cerity Partners LLC lessened its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,566 shares of the basic materials company's stock after selling 4,861 shares during the quarter. Cerity Partners LLC's holdings in DuPont de Nemours were worth $8,191,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of DD. Hager Investment Management Services LLC acquired a new stake in DuPont de Nemours during the fourth quarter valued at $26,000. Aster Capital Management DIFC Ltd raised its stake in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Price Performance

NYSE:DD traded up $1.73 on Thursday, hitting $60.98. The company had a trading volume of 766,790 shares, compared to its average volume of 2,368,713. The stock has a market capitalization of $25.52 billion, a price-to-earnings ratio of 36.47, a PEG ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $74.15 and a two-hundred day moving average of $78.59.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.69%. DuPont de Nemours's payout ratio is presently 98.20%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. KeyCorp upgraded shares of DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 price objective on the stock in a report on Monday. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.71.

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.