SouthState Corp cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 8.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,860 shares of the basic materials company’s stock after selling 260 shares during the period. SouthState Corp’s holdings in DuPont de Nemours were worth $218,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $26,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours during the fourth quarter worth about $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the fourth quarter worth about $31,000. Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth about $33,000. Finally, Noble Wealth Management PBC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Price Performance
Shares of DD stock opened at $77.80 on Tuesday. 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 fifty-two week low of $72.38 and a fifty-two week high of $90.06. The firm has a market cap of $32.52 billion, a P/E ratio of 46.58, a P/E/G ratio of 2.15 and a beta of 1.29. The business’s 50 day moving average price is $78.25 and its 200-day moving average price is $81.07.
DuPont de Nemours Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on DD shares. JPMorgan Chase & Co. cut their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Wells Fargo & Company reduced their target price 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. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.
View Our Latest Analysis on DD
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.
Featured Articles
- Five stocks we like better than DuPont de Nemours
- 3 Small Caps With Big Return Potential
- Can TikTok Stock Picks Really Make You Rich?
- CD Calculator: Certificate of Deposit Calculator
- The “Quality” Rotation: Back to Basics Investing
- Using the MarketBeat Dividend Tax Calculator
- Occidental Petroleum: 4 Reasons to Love These Prices
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DD – Free Report).
Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.