Oppenheimer & Co. Inc. lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 30.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,067 shares of the basic materials company’s stock after selling 31,498 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in DuPont de Nemours were worth $2,937,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of DD. Brighton Jones LLC grew its holdings in DuPont de Nemours by 19.6% during the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock valued at $382,000 after purchasing an additional 822 shares during the period. Empowered Funds LLC grew its holdings in DuPont de Nemours by 8.9% during the first quarter. Empowered Funds LLC now owns 11,550 shares of the basic materials company’s stock valued at $863,000 after purchasing an additional 947 shares during the period. Sivia Capital Partners LLC acquired a new position in DuPont de Nemours during the second quarter valued at approximately $365,000. United Bank grew its holdings in DuPont de Nemours by 14.6% during the second quarter. United Bank now owns 18,816 shares of the basic materials company’s stock valued at $1,291,000 after purchasing an additional 2,396 shares during the period. Finally, First Trust Advisors LP grew its holdings in DuPont de Nemours by 2.1% during the second quarter. First Trust Advisors LP now owns 200,444 shares of the basic materials company’s stock valued at $13,749,000 after purchasing an additional 4,186 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.
DuPont de Nemours Stock Performance
Shares of DD opened at $46.38 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.91 and a current ratio of 2.42. DuPont de Nemours, Inc. has a twelve month low of $26.82 and a twelve month high of $52.66. The firm’s 50 day moving average price is $46.49 and its two-hundred day moving average price is $43.02. The firm has a market cap of $19.01 billion, a P/E ratio of -24.93, a PEG ratio of 1.60 and a beta of 1.02.
DuPont de Nemours Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 15th. DuPont de Nemours’s payout ratio is currently -43.01%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. KeyCorp boosted their price objective on shares of DuPont de Nemours from $51.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Mizuho boosted their price objective on shares of DuPont de Nemours from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Wall Street Zen raised shares of DuPont de Nemours to a “hold” rating in a research note on Saturday, January 10th. Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DuPont de Nemours in a research note on Friday, March 27th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.57.
Get Our Latest Stock Report on DuPont de Nemours
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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