Citizens Financial Group Inc. RI Has $733,000 Stake in DuPont de Nemours, Inc. (NYSE:DD)

Citizens Financial Group Inc. RI trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,616 shares of the basic materials company’s stock after selling 1,254 shares during the period. Citizens Financial Group Inc. RI’s holdings in DuPont de Nemours were worth $733,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $29,000. Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $31,000. Golden State Wealth Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $33,000. Finally, Noble Wealth Management PBC acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at $35,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 1.0 %

DD stock opened at $75.53 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The company’s 50-day simple moving average is $78.16 and its 200 day simple moving average is $81.21. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06. The company has a market capitalization of $31.58 billion, a PE ratio of 45.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.17%. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Analyst Ratings Changes

Several equities analysts have commented on DD shares. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective 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. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. Finally, UBS Group upped their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $99.17.

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.