ING Groep NV Has $4.07 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

ING Groep NV lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 86.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,382 shares of the basic materials company’s stock after selling 334,254 shares during the quarter. ING Groep NV’s holdings in DuPont de Nemours were worth $4,070,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth approximately $26,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter valued at $33,000. R Squared Ltd bought a new position in DuPont de Nemours in the 4th quarter valued at $37,000. Finally, Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours in the third quarter worth $38,000. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank of Canada cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, BMO Capital Markets upped their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Stock Down 1.4 %

NYSE:DD opened at $81.67 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12-month low of $68.21 and a 12-month high of $90.06. The stock’s fifty day simple moving average is $77.68 and its 200-day simple moving average is $81.22. The firm has a market capitalization of $34.14 billion, a P/E ratio of 48.90, a P/E/G ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted 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 return on equity of 7.12% and a net margin of 5.47%. Equities 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 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 is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.01%. DuPont de Nemours’s dividend payout ratio (DPR) is 91.02%.

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.