Everence Capital Management Inc. Has $465,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Everence Capital Management Inc. decreased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 25.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,098 shares of the basic materials company’s stock after selling 2,040 shares during the period. Everence Capital Management Inc.’s holdings in DuPont de Nemours were worth $465,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its position in DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 21,435 shares during the last quarter. Garden State Investment Advisory Services LLC bought a new position in shares of DuPont de Nemours in the third quarter worth about $203,000. Franklin Resources Inc. lifted its position in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares during the last quarter. Synovus Financial Corp boosted its stake in DuPont de Nemours by 2.5% during the 3rd quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company’s stock valued at $3,256,000 after purchasing an additional 905 shares during the period. Finally, Tidal Investments LLC grew its holdings in DuPont de Nemours by 10.7% in the 3rd quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company’s stock valued at $2,857,000 after buying an additional 3,096 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $74.75 on Monday. The stock has a market capitalization of $31.24 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. The business’s fifty day moving average price is $81.27 and its two-hundred day moving average price is $81.76. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. As a group, analysts predict that DuPont de Nemours, Inc. will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.03%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Morgan Stanley upped their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Barclays upped their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.25.

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.