Bank of New York Mellon Corp Reduces Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Bank of New York Mellon Corp lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,309,771 shares of the basic materials company’s stock after selling 165,408 shares during the period. Bank of New York Mellon Corp’s holdings in DuPont de Nemours were worth $252,370,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fortitude Family Office LLC lifted its position in shares of DuPont de Nemours by 32.0% in the 3rd quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 132 shares during the period. Global Trust Asset Management LLC raised its stake in DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after buying an additional 133 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after buying an additional 137 shares during the period. Focus Financial Network Inc. boosted its position in DuPont de Nemours by 3.7% during the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after acquiring an additional 143 shares in the last quarter. Finally, Howard Capital Management Inc. grew its holdings in shares of DuPont de Nemours by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 144 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.5 %

Shares of NYSE DD opened at $81.46 on Thursday. The firm’s 50 day moving average price is $77.83 and its 200-day moving average price is $81.30. DuPont de Nemours, Inc. has a 52-week low of $68.21 and a 52-week 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. The company has a market cap of $34.05 billion, a PE ratio of 48.78, a P/E/G ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, equities 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. DuPont de Nemours’s dividend payout ratio (DPR) is 91.02%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DD shares. Wells Fargo & Company lowered their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. UBS Group upped their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $99.17.

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.