DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 25.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,098 shares of the basic materials company’s stock after selling 2,040 shares during the period. Everence Capital Management Inc.’s holdings in DuPont de Nemours were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Jennison Associates LLC grew its holdings in DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after acquiring an additional 9,730 shares during the period. Appian Way Asset Management LP acquired a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $2,978,000. Principal Financial Group Inc. raised its holdings in shares of DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after purchasing an additional 21,435 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in DuPont de Nemours by 38.4% during the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after purchasing an additional 10,012 shares during the last quarter. Finally, KBC Group NV boosted its holdings in DuPont de Nemours by 17.6% during the third quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock worth $6,573,000 after buying an additional 11,019 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays upped their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Royal Bank of Canada lifted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, Citigroup dropped their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Trading Down 0.9 %

NYSE DD opened at $74.75 on Monday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The firm’s fifty day simple moving average is $81.27 and its 200-day simple moving average is $81.76. The company has a market capitalization of $31.24 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.03%. The ex-dividend date was Friday, November 29th. DuPont de Nemours’s dividend payout ratio is 80.00%.

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.