DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Shoker Investment Counsel Inc.

Shoker Investment Counsel Inc. lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,817 shares of the basic materials company’s stock after selling 235 shares during the quarter. Shoker Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $672,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of DuPont de Nemours by 2.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock worth $1,793,000 after acquiring an additional 540 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in DuPont de Nemours by 31.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,456 shares of the basic materials company’s stock worth $2,369,000 after purchasing an additional 6,353 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in DuPont de Nemours by 1.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 62,530 shares of the basic materials company’s stock valued at $5,577,000 after purchasing an additional 933 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of DuPont de Nemours by 13.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,647 shares of the basic materials company’s stock valued at $414,000 after buying an additional 554 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in shares of DuPont de Nemours by 10.4% during the 3rd quarter. Pallas Capital Advisors LLC now owns 7,651 shares of the basic materials company’s stock worth $644,000 after buying an additional 721 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DD. Wells Fargo & Company lowered their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research 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 for the company in a research report on Wednesday, January 15th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, Royal Bank of Canada dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Down 0.5 %

Shares of NYSE:DD opened at $81.07 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a market cap of $33.89 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.15 and a beta of 1.34. The stock’s 50-day moving average price is $77.91 and its two-hundred day moving average price is $81.30. DuPont de Nemours, Inc. has a 12-month low of $68.21 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results 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 net margin of 5.47% and a return on equity of 7.12%. On average, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.02%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 91.02%.

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.