Great Lakes Advisors LLC Cuts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Great Lakes Advisors LLC reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.0% during the fourth quarter, HoldingsChannel reports. The fund owned 922,674 shares of the basic materials company’s stock after selling 9,459 shares during the period. Great Lakes Advisors LLC’s holdings in DuPont de Nemours were worth $70,354,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in shares of 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 valued at $80,707,000 after buying an additional 859,333 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at $50,063,000. Franklin Resources Inc. boosted its position in shares of 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 valued at $556,751,000 after buying an additional 570,703 shares during the last quarter. Amundi lifted its holdings in DuPont de Nemours by 45.4% in the fourth quarter. Amundi now owns 1,662,845 shares of the basic materials company’s stock valued at $123,799,000 after acquiring an additional 519,321 shares during the period. Finally, Zacks Investment Management bought a new position in DuPont de Nemours in the third quarter valued at about $42,810,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $76.25 on Wednesday. The stock has a market cap of $31.87 billion, a price-to-earnings ratio of 45.66, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. 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 stock has a 50 day moving average price of $78.17 and a 200-day moving average price of $81.25. DuPont de Nemours, Inc. has a one year low of $71.36 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its 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%. Equities analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current 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 paid a dividend of $0.41 per share. This is a positive change 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 2.15%. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. BMO Capital Markets lifted their target price 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 decreased their target price 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. Finally, UBS Group lifted their target price 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 investment 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, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price 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.