ING Groep NV Sells 334,254 Shares of DuPont de Nemours, Inc. (NYSE:DD)

ING Groep NV lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 86.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,382 shares of the basic materials company's stock after selling 334,254 shares during the quarter. ING Groep NV's holdings in DuPont de Nemours were worth $4,070,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC grew its holdings in shares of DuPont de Nemours by 9.4% during the fourth quarter. Concurrent Investment Advisors LLC now owns 16,810 shares of the basic materials company's stock worth $1,282,000 after purchasing an additional 1,445 shares during the last quarter. Handelsbanken Fonder AB lifted its position in DuPont de Nemours by 25.8% during the 4th quarter. Handelsbanken Fonder AB now owns 162,843 shares of the basic materials company's stock worth $12,417,000 after buying an additional 33,348 shares in the last quarter. Ieq Capital LLC grew its holdings in DuPont de Nemours by 118.3% during the 4th quarter. Ieq Capital LLC now owns 54,893 shares of the basic materials company's stock worth $4,186,000 after acquiring an additional 29,746 shares during the last quarter. Private Advisor Group LLC increased its position in DuPont de Nemours by 4.9% in the 4th quarter. Private Advisor Group LLC now owns 73,896 shares of the basic materials company's stock valued at $5,635,000 after acquiring an additional 3,432 shares in the last quarter. Finally, Cardinal Capital Management raised its stake in shares of DuPont de Nemours by 0.7% in the fourth quarter. Cardinal Capital Management now owns 30,495 shares of the basic materials company's stock worth $2,325,000 after acquiring an additional 214 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Down 0.5 %

NYSE DD traded down $0.42 during trading on Wednesday, hitting $81.46. The stock had a trading volume of 1,407,341 shares, compared to its average volume of 2,503,174. DuPont de Nemours, Inc. has a 12 month low of $68.21 and a 12 month 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 company's 50-day moving average price is $77.75 and its two-hundred day moving average price is $81.30. The company has a market capitalization of $34.05 billion, a PE ratio of 48.78, a P/E/G ratio of 2.15 and a beta of 1.34.

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, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. DuPont de Nemours's payout ratio is 91.02%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DD shares. BMO Capital Markets raised their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. UBS Group upped their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a report on Tuesday. Royal Bank of Canada reduced their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Finally, Citigroup boosted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average price target of $99.17.

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.