Swiss National Bank Sells 61,500 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Swiss National Bank decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,179,473 shares of the basic materials company’s stock after selling 61,500 shares during the period. Swiss National Bank’s holdings in DuPont de Nemours were worth $89,935,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DD. Assenagon Asset Management S.A. boosted its holdings in DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after buying an additional 859,333 shares during the last quarter. Raymond James Financial Inc. bought a new position in DuPont de Nemours during the fourth quarter worth about $50,063,000. Franklin Resources Inc. boosted its holdings in DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares during the last quarter. Amundi boosted its holdings in DuPont de Nemours by 45.4% during the fourth quarter. Amundi now owns 1,662,845 shares of the basic materials company’s stock worth $123,799,000 after buying an additional 519,321 shares during the last quarter. Finally, Zacks Investment Management bought a new position in DuPont de Nemours during the third quarter worth about $42,810,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DD. UBS Group lifted their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Citigroup lifted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price objective 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. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Up 3.0 %

NYSE:DD opened at $77.16 on Friday. The firm has a market capitalization of $32.25 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06. The stock’s 50 day moving average price is $78.19 and its two-hundred day moving average price is $81.13. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last posted 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 return on equity of 7.12% and a net margin of 5.47%. Equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. DuPont de Nemours’s payout ratio is 98.20%.

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.