DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Hood River Capital Management LLC

Hood River Capital Management LLC lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,565 shares of the basic materials company's stock after selling 16,224 shares during the quarter. Hood River Capital Management LLC's holdings in DuPont de Nemours were worth $6,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Norges Bank acquired a new stake in DuPont de Nemours during the fourth quarter valued at $146,605,000. Marshall Wace LLP lifted its stake in DuPont de Nemours by 228.8% in the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock valued at $112,219,000 after buying an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. boosted its holdings in DuPont de Nemours by 337.5% in the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after buying an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in DuPont de Nemours by 431.6% during the 4th 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 in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of DuPont de Nemours by 194.7% during the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after acquiring an additional 756,604 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Trading Up 0.2 %

Shares of DD traded up $0.11 during midday trading on Tuesday, hitting $65.78. 406,356 shares of the stock were exchanged, compared to its average volume of 2,413,486. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The stock has a fifty day simple moving average of $71.07 and a 200 day simple moving average of $77.13. The firm has a market cap of $27.53 billion, a P/E ratio of 39.35, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

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 earnings per share (EPS) for the quarter, beating 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost 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 2.49%. DuPont de Nemours's dividend payout ratio (DPR) is currently 98.20%.

Analyst Ratings Changes

Several research firms recently commented on DD. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Wolfe Research raised shares of 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. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, Mizuho dropped their price objective on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $85.79.

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.