Vinva Investment Management Ltd Sells 2,136 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Vinva Investment Management Ltd trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,969 shares of the basic materials company’s stock after selling 2,136 shares during the period. Vinva Investment Management Ltd’s holdings in DuPont de Nemours were worth $1,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours during the fourth quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in DuPont de Nemours in the fourth quarter worth about $29,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours in the fourth quarter worth about $31,000. Golden State Wealth Management LLC bought a new position in DuPont de Nemours in the fourth quarter worth about $33,000. Finally, Noble Wealth Management PBC bought a new position in DuPont de Nemours in the fourth quarter worth about $35,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Trading Down 0.8 %

Shares of DD stock opened at $76.94 on Friday. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06. 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’s 50 day moving average is $78.40 and its 200 day moving average is $80.97. The stock has a market capitalization of $32.16 billion, a P/E ratio of 46.07, a P/E/G ratio of 2.15 and a beta of 1.29.

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 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%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.13%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of recent research reports. Citigroup upped their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company cut 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 report on Wednesday, February 12th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock 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 report on Thursday, February 13th. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average 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.