Tocqueville Asset Management L.P. Decreases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Tocqueville Asset Management L.P. decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 13.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,356 shares of the basic materials company’s stock after selling 1,513 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in DuPont de Nemours were worth $713,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $26,000. Byrne Asset Management LLC bought a new stake in shares of 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 4th quarter valued at about $31,000. Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $33,000. Finally, FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter valued at approximately $39,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Up 0.6 %

Shares of NYSE:DD opened at $77.57 on Thursday. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. The stock has a market cap of $32.43 billion, a price-to-earnings ratio of 46.45, a PEG ratio of 2.15 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $78.35 and a 200-day moving average price of $81.00.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) 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 analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently declared 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. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was 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 recently issued reports on DD shares. UBS Group boosted their price objective 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. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, BMO Capital Markets boosted their price objective 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. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has a consensus 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.