Mondrian Investment Partners LTD Cuts Position in DuPont de Nemours, Inc. (NYSE:DD)

by · The Cerbat Gem

Mondrian Investment Partners LTD decreased its position in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,660,182 shares of the basic materials company’s stock after selling 78,284 shares during the period. DuPont de Nemours comprises approximately 2.2% of Mondrian Investment Partners LTD’s portfolio, making the stock its 18th biggest holding. Mondrian Investment Partners LTD’s holdings in DuPont de Nemours were worth $127,502,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DD shares. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered 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. Royal Bank of Canada lowered 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 Monday, February 10th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

Get Our Latest Stock Report on DD

DuPont de Nemours Trading Down 0.8 %

DuPont de Nemours stock opened at $74.92 on Friday. The stock has a market cap of $31.32 billion, a P/E ratio of 44.86, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The firm’s fifty day moving average price is $78.15 and its 200-day moving average price is $81.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD – Get Free Report) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating 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%. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend 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 is currently 98.20%.

DuPont de Nemours Company Profile

(Free Report)

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.

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