National Pension Service Cuts Stake in DuPont de Nemours, Inc. (NYSE:DD)

National Pension Service reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 570,581 shares of the basic materials company's stock after selling 36,091 shares during the quarter. National Pension Service owned approximately 0.14% of DuPont de Nemours worth $43,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. DekaBank Deutsche Girozentrale boosted its holdings in shares of DuPont de Nemours by 1.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 62,530 shares of the basic materials company's stock worth $5,577,000 after buying an additional 933 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in DuPont de Nemours by 13.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,647 shares of the basic materials company's stock valued at $414,000 after acquiring an additional 554 shares during the last quarter. Valmark Advisers Inc. bought a new position in shares of DuPont de Nemours during the 3rd quarter valued at approximately $227,000. First Trust Direct Indexing L.P. increased its stake in shares of DuPont de Nemours by 17.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 15,122 shares of the basic materials company's stock worth $1,348,000 after purchasing an additional 2,207 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of DuPont de Nemours by 8.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 59,374 shares of the basic materials company's stock worth $5,291,000 after purchasing an additional 4,679 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded down $3.08 during trading on Monday, hitting $78.69. The stock had a trading volume of 2,512,724 shares, compared to its average volume of 2,547,135. The firm has a market cap of $32.90 billion, a price-to-earnings ratio of 47.12, a P/E/G ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 12 month low of $68.81 and a 12 month high of $90.06. The business's 50-day moving average is $78.04 and its 200 day moving average is $81.35. 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 announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.41 dividend. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.08%. 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 research reports. Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday. BMO Capital Markets lifted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Citigroup boosted their price target 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. Finally, Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus 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.