Intech Investment Management LLC Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Intech Investment Management LLC trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 24.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,012 shares of the basic materials company’s stock after selling 7,209 shares during the quarter. Intech Investment Management LLC’s holdings in DuPont de Nemours were worth $1,678,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Choreo LLC lifted its holdings in DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after purchasing an additional 8,205 shares in the last quarter. Merit Financial Group LLC lifted its holdings in DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Jennison Associates LLC lifted its holdings in DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after purchasing an additional 9,730 shares in the last quarter. Grandfield & Dodd LLC lifted its stake in shares of DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after buying an additional 3,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after buying an additional 91,108 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DD opened at $75.25 on Friday. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06. The stock has a market cap of $31.46 billion, a PE ratio of 45.06, a P/E/G ratio of 2.15 and a beta of 1.29. The firm has a 50-day simple moving average of $78.46 and a two-hundred day simple moving average of $80.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed 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 was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is 98.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DD shares. Citigroup raised their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target 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 raised 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 note on Friday, January 17th. JPMorgan Chase & Co. decreased their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada decreased their price target on shares of 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. Three 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, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.