Jacobi Capital Management LLC Trims Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Jacobi Capital Management LLC cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,538 shares of the basic materials company’s stock after selling 135 shares during the period. Jacobi Capital Management LLC’s holdings in DuPont de Nemours were worth $1,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at $29,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at $33,000. Noble Wealth Management PBC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $35,000. Finally, R Squared Ltd purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $37,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $81.75 on Friday. 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 company has a market cap of $34.18 billion, a P/E ratio of 48.95, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $68.21 and a 52 week high of $90.06. The company has a 50-day moving average price of $78.00 and a 200 day moving average price of $81.34.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.41 dividend. The ex-dividend date is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DD shares. UBS Group upped their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. Wells Fargo & Company reduced their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

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.