Nippon Life Global Investors Americas Inc. Sells 8,510 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Nippon Life Global Investors Americas Inc. lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,960 shares of the basic materials company's stock after selling 8,510 shares during the quarter. Nippon Life Global Investors Americas Inc.'s holdings in DuPont de Nemours were worth $5,487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Level Four Advisory Services LLC boosted its stake in DuPont de Nemours by 2.8% in the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after acquiring an additional 129 shares in the last quarter. Lake Street Advisors Group LLC increased its position in DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock valued at $323,000 after buying an additional 132 shares in the last quarter. Global Trust Asset Management LLC raised 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 valued at $704,000 after buying an additional 133 shares during the last quarter. Avior Wealth Management LLC raised 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 valued at $57,000 after buying an additional 137 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its holdings 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 acquiring an additional 144 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE:DD opened at $60.28 on Tuesday. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a market cap of $25.23 billion, a P/E ratio of 36.10, a P/E/G 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. The company's 50-day moving average price is $72.98 and its 200-day moving average price is $77.88.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's payout ratio is currently 98.20%.

Analyst Upgrades and Downgrades

DD has been the subject of several research analyst reports. Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Citigroup cut their target price on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada lowered their price target 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. Finally, KeyCorp raised DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 target price for the company in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $87.71.

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.

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