Thrivent Financial for Lutherans lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 36.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,259 shares of the basic materials company’s stock after selling 44,644 shares during the quarter. Thrivent Financial for Lutherans’ holdings in DuPont de Nemours were worth $3,146,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in DD. Palisade Asset Management LLC purchased a new position in shares of DuPont de Nemours during the 3rd quarter worth $26,000. Financial Life Planners acquired a new position in DuPont de Nemours in the third quarter valued at $27,000. Imprint Wealth LLC acquired a new position in DuPont de Nemours in the third quarter valued at $27,000. Miller Global Investments LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at $28,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in DuPont de Nemours in the third quarter valued at $30,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Trading Up 2.1%
NYSE:DD opened at $48.15 on Friday. The business’s 50-day moving average is $46.69 and its two-hundred day moving average is $44.46. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 2.11. DuPont de Nemours, Inc. has a 12 month low of $27.16 and a 12 month high of $52.66. The firm has a market capitalization of $19.74 billion, a PE ratio of -802.42, a price-to-earnings-growth ratio of 1.36 and a beta of 1.02.
DuPont de Nemours Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.80 annualized dividend and a yield of 1.7%. DuPont de Nemours’s dividend payout ratio (DPR) is -1,333.33%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on DD shares. Deutsche Bank Aktiengesellschaft lifted their target price on DuPont de Nemours from $58.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Morgan Stanley lifted their target price on DuPont de Nemours from $44.00 to $52.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Citigroup reduced their target price on DuPont de Nemours from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Wells Fargo & Company lifted their target price on DuPont de Nemours from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, Wolfe Research lifted their target price on DuPont de Nemours from $49.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Twelve equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.21.
Get Our Latest Stock Analysis on DuPont de Nemours
DuPont de Nemours Company Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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