DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Sandy Spring Bank

by · The Cerbat Gem

Sandy Spring Bank reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 1.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,639 shares of the basic materials company’s stock after selling 312 shares during the quarter. Sandy Spring Bank’s holdings in DuPont de Nemours were worth $1,421,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Lake Street Advisors Group LLC boosted its position in shares of DuPont de Nemours by 3.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 132 shares during the period. Global Trust Asset Management LLC boosted its position in shares of DuPont de Nemours by 1.5% in the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after purchasing an additional 133 shares during the period. Avior Wealth Management LLC boosted its position in shares of DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 137 shares during the period. Howard Capital Management Inc. boosted its position in shares of DuPont de Nemours by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 144 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of DuPont de Nemours by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company’s stock valued at $178,000 after purchasing an additional 146 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 0.8 %

Shares of DD stock opened at $76.94 on Friday. The stock’s 50 day simple moving average is $78.40 and its 200 day simple moving average is $80.97. 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, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06. The company has a market capitalization of $32.16 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD – Get Free Report) last issued its quarterly earnings data 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 return on equity of 7.12% and a net margin of 5.47%. As a group, research 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is currently 98.20%.

Analyst Upgrades and Downgrades

DD has been the subject of a number of recent analyst reports. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. UBS Group increased their price target 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. Royal Bank of Canada decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Citigroup raised their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $99.17.

Get Our Latest Stock Report on DD

About DuPont de Nemours

(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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