Citizens Financial Group Inc. RI Cuts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Citizens Financial Group Inc. RI lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,833 shares of the basic materials company’s stock after selling 461 shares during the period. Citizens Financial Group Inc. RI’s holdings in DuPont de Nemours were worth $1,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DD. Callan Capital LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at $293,000. Bryn Mawr Capital Management LLC boosted its holdings in DuPont de Nemours by 21.3% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 74,539 shares of the basic materials company’s stock worth $5,734,000 after buying an additional 13,088 shares in the last quarter. Jackson Hole Capital Partners LLC grew its position in DuPont de Nemours by 8.9% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 5,641 shares of the basic materials company’s stock worth $434,000 after buying an additional 463 shares during the period. Syon Capital LLC grew its position in DuPont de Nemours by 14.4% during the fourth quarter. Syon Capital LLC now owns 8,624 shares of the basic materials company’s stock worth $663,000 after buying an additional 1,084 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in DuPont de Nemours by 1.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,726 shares of the basic materials company’s stock valued at $1,594,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DD shares. Mizuho lowered their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. Royal Bank of Canada upped their target price on DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price target on DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Barclays lowered their price objective on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Finally, BMO Capital Markets cut shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $80.00 to $72.00 in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.90.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $73.71 on Friday. The business has a fifty day simple moving average of $73.23 and a 200-day simple moving average of $72.09. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74. The company has a market cap of $30.82 billion, a P/E ratio of 79.26, a P/E/G ratio of 2.42 and a beta of 1.40. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio is currently 163.44%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

DuPont de Nemours Company 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.