Massachusetts Financial Services Co. MA Sells 2,617,578 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Massachusetts Financial Services Co. MA lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 16.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,706,922 shares of the basic materials company's stock after selling 2,617,578 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 3.28% of DuPont de Nemours worth $1,045,153,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. RFG Bristol Wealth Advisors LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at $323,000. Potomac Fund Management Inc. ADV acquired a new stake in shares of DuPont de Nemours in the fourth quarter worth about $1,565,000. Groupama Asset Managment boosted its stake in shares of DuPont de Nemours by 136.0% during the 4th quarter. Groupama Asset Managment now owns 29,281 shares of the basic materials company's stock worth $2,224,000 after acquiring an additional 16,872 shares in the last quarter. Trexquant Investment LP boosted its stake in shares of DuPont de Nemours by 326.4% during the 4th quarter. Trexquant Investment LP now owns 347,734 shares of the basic materials company's stock worth $26,515,000 after acquiring an additional 266,183 shares in the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of DuPont de Nemours by 126.9% during the 4th quarter. Headlands Technologies LLC now owns 2,015 shares of the basic materials company's stock valued at $154,000 after acquiring an additional 1,127 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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DuPont de Nemours Stock Performance

DD stock traded down $8.82 during midday trading on Friday, hitting $58.96. The stock had a trading volume of 11,808,821 shares, compared to its average volume of 2,276,766. DuPont de Nemours, Inc. has a 52 week low of $56.21 and a 52 week high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $78.07 and a 200 day simple moving average of $80.54. The firm has a market capitalization of $24.65 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last released 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, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date 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 dividend yield of 2.78%. DuPont de Nemours's dividend payout ratio is presently 98.20%.

Analyst Upgrades and Downgrades

DD has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. UBS Group upped their price target 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. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. BMO Capital Markets increased their target price 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. Finally, Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target on the stock in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $99.17.

DuPont de Nemours 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.