Tocqueville Asset Management L.P. Trims Stake in DuPont de Nemours, Inc. (NYSE:DD)

Tocqueville Asset Management L.P. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,356 shares of the basic materials company’s stock after selling 1,513 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in DuPont de Nemours were worth $713,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DD. Assenagon Asset Management S.A. grew its holdings in DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares during the period. Raymond James Financial Inc. acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $50,063,000. Franklin Resources Inc. grew its holdings in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after purchasing an additional 570,703 shares during the period. Amundi grew its holdings in DuPont de Nemours by 45.4% in the fourth quarter. Amundi now owns 1,662,845 shares of the basic materials company’s stock valued at $123,799,000 after purchasing an additional 519,321 shares during the period. Finally, Zacks Investment Management acquired a new stake in DuPont de Nemours in the third quarter valued at approximately $42,810,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DD shares. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Trading Up 0.6 %

NYSE:DD opened at $77.57 on Thursday. The stock’s 50 day moving average price is $78.35 and its 200 day moving average price is $81.00. The company has a market capitalization of $32.43 billion, a PE ratio of 46.45, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06.

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 analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors 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 is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.11%. DuPont de Nemours’s payout ratio is currently 98.20%.

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.