Assetmark Inc. Sells 717 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Assetmark Inc. lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 43.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 942 shares of the basic materials company’s stock after selling 717 shares during the period. Assetmark Inc.’s holdings in DuPont de Nemours were worth $72,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $29,000. Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $33,000. Noble Wealth Management PBC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $35,000. Finally, R Squared Ltd bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $37,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DD. BMO Capital Markets upped their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Royal Bank of Canada cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Citigroup upped their price target 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. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, UBS Group upped their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Trading Up 3.0 %

NYSE DD opened at $77.16 on Friday. The firm has a market cap of $32.25 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock’s 50-day moving average is $78.19 and its 200-day moving average is $81.13. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS 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%. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 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.