Pitcairn Co. Has $499,000 Stake in DuPont de Nemours, Inc. (NYSE:DD)

Pitcairn Co. lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,549 shares of the basic materials company’s stock after selling 454 shares during the period. Pitcairn Co.’s holdings in DuPont de Nemours were worth $499,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. ExodusPoint Capital Management LP raised its holdings in DuPont de Nemours by 58.2% in the 4th quarter. ExodusPoint Capital Management LP now owns 113,143 shares of the basic materials company’s stock valued at $8,627,000 after acquiring an additional 41,632 shares in the last quarter. World Investment Advisors bought a new position in DuPont de Nemours in the fourth quarter worth $307,000. Nicolet Advisory Services LLC boosted its stake in DuPont de Nemours by 5.5% during the fourth quarter. Nicolet Advisory Services LLC now owns 3,980 shares of the basic materials company’s stock worth $289,000 after buying an additional 208 shares in the last quarter. Biltmore Family Office LLC increased its holdings in DuPont de Nemours by 17.5% in the 4th quarter. Biltmore Family Office LLC now owns 5,620 shares of the basic materials company’s stock valued at $429,000 after buying an additional 839 shares during the period. Finally, Bryce Point Capital LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $487,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 13.0 %

DD opened at $58.96 on Friday. DuPont de Nemours, Inc. has a 1-year low of $56.18 and a 1-year high of $90.06. The stock has a market capitalization of $24.65 billion, a PE ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $77.71 and a two-hundred day moving average price of $80.36.

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 for the quarter, beating analysts’ consensus estimates 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, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is 98.20%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DD shares. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. Citigroup upped their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. UBS Group boosted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, BMO Capital Markets boosted their target price 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. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

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.