DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,580,092 shares of the basic materials company's stock after selling 79,434 shares during the period. Primecap Management Co. CA owned 0.62% of DuPont de Nemours worth $196,732,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DD. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter worth $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at $31,000. Golden State Wealth Management LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter valued at $33,000. Finally, Noble Wealth Management PBC purchased a new stake in DuPont de Nemours during the 4th quarter worth about $35,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on DD. BMO Capital Markets raised their price target 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. Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. Finally, Citigroup upped their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and an average target price of $99.17.

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DuPont de Nemours Trading Down 2.2 %

Shares of NYSE:DD traded down $1.68 during trading on Friday, reaching $75.25. 4,412,432 shares of the stock were exchanged, compared to its average volume of 2,103,179. The firm's 50-day moving average price is $78.40 and its 200 day moving average price is $80.97. The firm has a market cap of $31.46 billion, a price-to-earnings ratio of 45.06, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 12-month low of $72.38 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.

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 earnings per share (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%. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.41 dividend. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.18%. DuPont de Nemours's dividend payout ratio is presently 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.