Intech Investment Management LLC Sells 7,209 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Intech Investment Management LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,012 shares of the basic materials company's stock after selling 7,209 shares during the quarter. Intech Investment Management LLC's holdings in DuPont de Nemours were worth $1,678,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DD. State Street Corp lifted its stake in DuPont de Nemours by 2.4% during the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company's stock worth $1,513,365,000 after purchasing an additional 399,728 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of DuPont de Nemours by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company's stock valued at $883,821,000 after buying an additional 100,198 shares in the last quarter. Franklin Resources Inc. lifted its position in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock worth $556,751,000 after buying an additional 570,703 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 buying an additional 91,108 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in DuPont de Nemours by 22.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company's stock valued at $176,147,000 after acquiring an additional 365,796 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

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DuPont de Nemours Trading Down 0.0 %

Shares of DuPont de Nemours stock traded down $0.01 during midday trading on Wednesday, reaching $76.45. 1,195,132 shares of the company's stock traded hands, compared to its average volume of 2,100,022. The stock has a 50 day moving average of $78.53 and a 200-day moving average of $80.84. The company has a market cap of $31.96 billion, a PE ratio of 45.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. 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, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06.

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 (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, equities analysts expect 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 paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.15%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's dividend payout ratio is presently 98.20%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DD. UBS Group upped their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company reduced their price target on 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. Finally, StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.