Zurich Insurance Group Ltd FI Decreases Position in DuPont de Nemours, Inc. (NYSE:DD)

Zurich Insurance Group Ltd FI lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 73.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 210,688 shares of the basic materials company’s stock after selling 572,828 shares during the period. Zurich Insurance Group Ltd FI’s holdings in DuPont de Nemours were worth $16,065,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hager Investment Management Services LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $26,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.1%

DD opened at $68.86 on Wednesday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The business has a 50-day moving average of $67.28 and a two-hundred day moving average of $75.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 41.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the company earned $0.79 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DD. BMO Capital Markets upped their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Barclays reduced their price objective on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Morgan Stanley reduced their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Finally, UBS Group decreased their price target on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.15.

DuPont de Nemours 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.