Sentry Investment Management LLC Sells 278 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sentry Investment Management LLC decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,710 shares of the basic materials company’s stock after selling 278 shares during the period. Sentry Investment Management LLC’s holdings in DuPont de Nemours were worth $130,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $26,000. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $29,000. Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter worth $38,000. Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $33,000. Finally, FSA Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter worth $39,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank of Canada cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. UBS Group lifted their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Price Performance

NYSE DD opened at $81.46 on Thursday. The company has a market capitalization of $34.05 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The business’s fifty day moving average is $77.83 and its 200 day moving average is $81.30. DuPont de Nemours, Inc. has a fifty-two week low of $68.21 and a fifty-two week high of $90.06.

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

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s payout ratio is presently 91.02%.

About DuPont de Nemours

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.