Sanctuary Advisors LLC Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Sanctuary Advisors LLC reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,352 shares of the basic materials company’s stock after selling 1,781 shares during the period. Sanctuary Advisors LLC’s holdings in DuPont de Nemours were worth $3,400,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at $29,000. Golden State Wealth Management LLC bought a new stake in DuPont de Nemours during the fourth quarter valued at about $33,000. R Squared Ltd purchased a new stake in DuPont de Nemours in the fourth quarter worth about $37,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours in the third quarter worth about $38,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $81.67 on Friday. The firm has a market cap of $34.14 billion, a PE ratio of 48.90, a PEG ratio of 2.14 and a beta of 1.34. The stock has a 50 day moving average of $77.68 and a 200 day moving average of $81.20. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $68.21 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly 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 net margin of 5.47% and a return on equity of 7.12%. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS 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. Investors of record on Monday, March 3rd will be issued a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 91.02%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DD shares. JPMorgan Chase & Co. reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. BMO Capital Markets increased their price objective 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. Citigroup raised their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Two 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, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Company 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.