National Bank of Canada FI Cuts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

National Bank of Canada FI lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 388,211 shares of the basic materials company's stock after selling 103,525 shares during the quarter. National Bank of Canada FI owned 0.09% of DuPont de Nemours worth $29,603,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. United Bank boosted its stake in shares of DuPont de Nemours by 2.7% during the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company's stock worth $982,000 after acquiring an additional 290 shares in the last quarter. Townsquare Capital LLC boosted its position in DuPont de Nemours by 100.6% during the third quarter. Townsquare Capital LLC now owns 7,090 shares of the basic materials company's stock worth $632,000 after purchasing an additional 3,555 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in DuPont de Nemours by 29.1% in the third quarter. Benjamin Edwards Inc. now owns 8,798 shares of the basic materials company's stock valued at $786,000 after purchasing an additional 1,981 shares during the last quarter. Hilltop Holdings Inc. increased its position in shares of DuPont de Nemours by 24.2% in the third quarter. Hilltop Holdings Inc. now owns 5,993 shares of the basic materials company's stock valued at $534,000 after buying an additional 1,167 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of DuPont de Nemours by 35.9% during the 3rd quarter. HighTower Advisors LLC now owns 361,708 shares of the basic materials company's stock worth $32,246,000 after buying an additional 95,468 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on DD. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Royal Bank of Canada cut their price objective 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. JPMorgan Chase & Co. reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Citigroup raised their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, UBS Group increased their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $99.17.

DuPont de Nemours Trading Down 13.0 %

Shares of DD traded down $8.82 during mid-day trading on Friday, hitting $58.96. The company had a trading volume of 11,808,821 shares, compared to its average volume of 2,276,487. DuPont de Nemours, Inc. has a 1-year low of $56.21 and a 1-year high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business's 50-day simple moving average is $77.71 and its 200-day simple moving average is $80.38. The stock has a market cap of $24.65 billion, a PE 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 announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.41 dividend. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's payout ratio is currently 98.20%.

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.