Invesco Ltd. Sells 2,237,750 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Invesco Ltd. trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,346,662 shares of the basic materials company's stock after selling 2,237,750 shares during the period. Invesco Ltd. owned about 1.76% of DuPont de Nemours worth $560,183,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DD. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours during the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd increased its stake in shares of DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $31,000. Finally, Golden State Wealth Management LLC bought a new position in DuPont de Nemours during the fourth quarter worth about $33,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded up $1.10 on Monday, reaching $59.99. 1,259,011 shares of the company's stock were exchanged, compared to its average volume of 2,351,934. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a fifty day moving average of $75.15 and a 200-day moving average of $79.05. The company has a market capitalization of $25.11 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 2.15 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued 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 return on equity of 7.12% and a net margin of 5.47%. On average, research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.73%. DuPont de Nemours's dividend payout ratio is currently 98.20%.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of recent analyst reports. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a report on Friday, January 17th. BMO Capital Markets raised their price target on 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 shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $92.38.

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.