Prudent Man Advisors LLC Sells 1,090 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Prudent Man Advisors LLC reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,682 shares of the basic materials company’s stock after selling 1,090 shares during the quarter. Prudent Man Advisors LLC’s holdings in DuPont de Nemours were worth $1,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Metis Global Partners LLC boosted its stake in DuPont de Nemours by 5.1% in the 4th quarter. Metis Global Partners LLC now owns 14,067 shares of the basic materials company’s stock valued at $1,073,000 after purchasing an additional 680 shares during the period. Providence First Trust Co boosted its stake in DuPont de Nemours by 8.1% in the 4th quarter. Providence First Trust Co now owns 18,692 shares of the basic materials company’s stock valued at $1,425,000 after purchasing an additional 1,399 shares during the period. Noble Wealth Management PBC bought a new stake in DuPont de Nemours in the 4th quarter valued at $35,000. Bank OZK boosted its stake in DuPont de Nemours by 6.1% in the 4th quarter. Bank OZK now owns 23,800 shares of the basic materials company’s stock valued at $1,815,000 after purchasing an additional 1,361 shares during the period. Finally, SVB Wealth LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at $1,402,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $81.75 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 52 week low of $68.21 and a 52 week high of $90.06. The stock has a market capitalization of $34.18 billion, a P/E ratio of 48.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The stock has a fifty day moving average of $78.00 and a 200-day moving average of $81.32.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. On average, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is presently 91.02%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group boosted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. 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. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday. Three equities 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

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.