Excalibur Management Corp Reduces Position in DuPont de Nemours, Inc. (NYSE:DD)

Excalibur Management Corp decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,409 shares of the basic materials company’s stock after selling 267 shares during the period. Excalibur Management Corp’s holdings in DuPont de Nemours were worth $489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of DD. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth about $33,000. Finally, FSA Wealth Management LLC purchased a new position in DuPont de Nemours during the third quarter valued at approximately $39,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $76.46 on Wednesday. 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 capitalization of $31.96 billion, a price-to-earnings ratio of 45.78, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a 50 day simple moving average of $78.53 and a two-hundred day simple moving average of $80.84. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06.

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 for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was 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 2.14%. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Wall Street Analyst Weigh In

DD has been the subject of several analyst reports. Royal Bank of Canada cut 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 report on Monday, February 10th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. BMO Capital Markets upped 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 report on Thursday, February 13th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. 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, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours 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.