Hoey Investments Inc. Sells 1,083 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Hoey Investments Inc. reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 13.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,016 shares of the basic materials company’s stock after selling 1,083 shares during the period. Hoey Investments Inc.’s holdings in DuPont de Nemours were worth $535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at about $29,000. Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $33,000. Finally, FSA Wealth Management LLC acquired a new stake in DuPont de Nemours in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. UBS Group lifted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Royal Bank of Canada cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Citigroup lifted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company cut 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 report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Performance

DD opened at $74.00 on Monday. The stock has a market cap of $30.94 billion, a P/E ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a fifty day moving average price of $78.45 and a 200 day moving average price of $80.75. DuPont de Nemours, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.22%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

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.