LPL Financial LLC Sells 1,960 Shares of DuPont de Nemours, Inc. (NYSE:DD)

LPL Financial LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,971 shares of the basic materials company’s stock after selling 1,960 shares during the quarter. LPL Financial LLC owned approximately 0.07% of DuPont de Nemours worth $21,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $31,000. Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours in the 4th quarter valued at $33,000. Finally, Noble Wealth Management PBC bought a new position in shares of DuPont de Nemours in the 4th quarter valued at $35,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 2.6 %

Shares of NYSE:DD opened at $74.00 on Monday. DuPont de Nemours, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06. 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 business’s 50-day moving average is $78.45 and its 200-day moving average is $80.75. The company has a market capitalization of $30.94 billion, a price-to-earnings ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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 predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Citigroup increased their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Friday, January 17th. 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 report on Wednesday, January 15th. BMO Capital Markets raised their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours 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.