Los Angeles Capital Management LLC Cuts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Los Angeles Capital Management LLC reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 96.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,770 shares of the basic materials company's stock after selling 107,711 shares during the period. Los Angeles Capital Management LLC's holdings in DuPont de Nemours were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in DD. Global Trust Asset Management LLC lifted its stake in DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after purchasing an additional 133 shares during the last quarter. Avior Wealth Management LLC lifted its stake in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after purchasing an additional 137 shares during the last quarter. Howard Capital Management Inc. lifted its stake in DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock worth $214,000 after purchasing an additional 144 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in DuPont de Nemours by 5.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,995 shares of the basic materials company's stock worth $228,000 after purchasing an additional 156 shares during the last quarter. Finally, Leo Wealth LLC lifted its stake in DuPont de Nemours by 1.6% in the fourth quarter. Leo Wealth LLC now owns 10,263 shares of the basic materials company's stock worth $783,000 after purchasing an additional 157 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

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DuPont de Nemours Trading Down 0.7 %

Shares of NYSE DD traded down $0.55 during midday trading on Friday, hitting $78.21. 2,160,623 shares of the company traded hands, compared to its average volume of 2,103,511. DuPont de Nemours, Inc. has a 12-month low of $71.29 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 stock has a 50-day moving average price of $78.12 and a 200 day moving average price of $81.30. The firm has a market cap of $32.70 billion, a P/E ratio of 46.83, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping 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%. As a group, analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.10%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's payout ratio is presently 98.20%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays upgraded shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. UBS Group boosted 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 report on Tuesday, February 25th. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased 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 report on Wednesday, January 15th. Finally, Citigroup boosted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.