Zacks Investment Management Sells 26,785 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Zacks Investment Management lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 453,635 shares of the basic materials company's stock after selling 26,785 shares during the period. Zacks Investment Management owned about 0.11% of DuPont de Nemours worth $34,590,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Marshall Wace LLP raised its holdings in DuPont de Nemours by 228.8% in the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after purchasing an additional 1,024,075 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of DuPont de Nemours by 11.8% in the 4th quarter. NewEdge Advisors LLC now owns 33,136 shares of the basic materials company's stock worth $2,527,000 after acquiring an additional 3,509 shares in the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of DuPont de Nemours by 3.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,350 shares of the basic materials company's stock valued at $408,000 after purchasing an additional 170 shares during the period. Gabelli Funds LLC grew its stake in DuPont de Nemours by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 265,770 shares of the basic materials company's stock worth $20,265,000 after purchasing an additional 1,065 shares during the period. Finally, Jump Financial LLC boosted its holdings in DuPont de Nemours by 36.3% in the fourth quarter. Jump Financial LLC now owns 26,488 shares of the basic materials company's stock worth $2,020,000 after acquiring an additional 7,055 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

DD has been the topic of several recent analyst reports. 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 note on Tuesday, April 8th. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. UBS Group dropped their price target on shares of DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price objective for the company from $80.00 to $75.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $87.71.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded up $0.88 during mid-day trading on Friday, hitting $60.13. The stock had a trading volume of 2,748,962 shares, compared to its average volume of 2,379,137. 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 firm's 50 day moving average is $73.41 and its 200 day moving average is $78.20. The firm has a market capitalization of $25.16 billion, a P/E ratio of 36.01, a P/E/G ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06.

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

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.73%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's payout ratio is presently 98.20%.

About DuPont de Nemours

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.