Carret Asset Management LLC Sells 472 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Carret Asset Management LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 24,016 shares of the basic materials company’s stock after selling 472 shares during the quarter. Carret Asset Management LLC’s holdings in DuPont de Nemours were worth $1,831,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC grew its holdings in DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after buying an additional 8,205 shares in the last quarter. Merit Financial Group LLC lifted its position in DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after buying an additional 4,939 shares during the last quarter. Jennison Associates LLC lifted its position in shares of DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after purchasing an additional 9,730 shares during the last quarter. Grandfield & Dodd LLC lifted its position in shares of DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 3,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after acquiring an additional 91,108 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price 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. UBS Group upped their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. 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. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. 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 an average price target of $99.17.

DuPont de Nemours Trading Down 0.8 %

NYSE:DD opened at $74.92 on Friday. The company has a market cap of $31.32 billion, a PE ratio of 44.86, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $78.15 and its two-hundred day moving average is $81.16.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 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%. On average, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

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.