Bridge Creek Capital Management LLC Decreases Position in DuPont de Nemours, Inc. (NYSE:DD)

Bridge Creek Capital Management LLC lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 39.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,767 shares of the basic materials company’s stock after selling 1,772 shares during the quarter. Bridge Creek Capital Management LLC’s holdings in DuPont de Nemours were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in shares of DuPont de Nemours by 32.0% during the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after buying an additional 132 shares during the period. Focus Financial Network Inc. boosted its stake in DuPont de Nemours by 3.7% during the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 143 shares in the last quarter. Busey Bank boosted its stake in DuPont de Nemours by 4.7% during the third quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 145 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in DuPont de Nemours by 15.7% during the third quarter. GHP Investment Advisors Inc. now owns 1,104 shares of the basic materials company’s stock worth $98,000 after acquiring an additional 150 shares in the last quarter. Finally, Rathbones Group PLC boosted its stake in DuPont de Nemours by 2.9% during the second quarter. Rathbones Group PLC now owns 5,316 shares of the basic materials company’s stock worth $428,000 after acquiring an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on DD shares. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Barclays upped their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Citigroup dropped their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $95.25.

DuPont de Nemours Trading Up 2.1 %

Shares of DuPont de Nemours stock traded up $1.51 during trading on Monday, hitting $74.21. The stock had a trading volume of 974,298 shares, compared to its average volume of 2,313,763. The firm’s fifty day simple moving average is $80.38 and its 200-day simple moving average is $81.55. The stock has a market cap of $31.02 billion, a PE ratio of 39.06, a PEG ratio of 1.95 and a beta of 1.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned $0.92 EPS. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.38 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.05%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

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.