Community Bank N.A. lowered its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,362 shares of the basic materials company's stock after selling 3,430 shares during the quarter. Community Bank N.A.'s holdings in DuPont de Nemours were worth $2,391,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DD. KLP Kapitalforvaltning AS acquired a new position in shares of DuPont de Nemours during the 4th quarter worth about $11,596,000. American Century Companies Inc. lifted its stake in DuPont de Nemours by 2.8% during the fourth quarter. American Century Companies Inc. now owns 88,594 shares of the basic materials company's stock worth $6,755,000 after purchasing an additional 2,392 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in DuPont de Nemours by 46.3% in the fourth quarter. Mizuho Securities USA LLC now owns 39,613 shares of the basic materials company's stock valued at $3,020,000 after purchasing an additional 12,541 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new position in DuPont de Nemours in the fourth quarter valued at approximately $67,000. Finally, Virtu Financial LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth approximately $1,468,000. Institutional investors and hedge funds own 73.96% of the company's stock.
DuPont de Nemours Trading Down 0.6 %
NYSE:DD traded down $0.49 during mid-day trading on Thursday, reaching $76.00. The company's stock had a trading volume of 1,633,229 shares, compared to its average volume of 2,103,257. 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 cap of $31.77 billion, a P/E ratio of 45.51, a P/E/G ratio of 2.15 and a beta of 1.29. The company's fifty day simple moving average is $78.52 and its two-hundred day simple moving average is $80.78. DuPont de Nemours, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06.
DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.
DuPont de Nemours Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.41 dividend. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours's dividend payout ratio (DPR) is 98.20%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on DD. Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. UBS Group lifted their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Royal Bank of Canada dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, BMO Capital Markets raised their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $99.17.
Read Our Latest Stock Analysis on DuPont de Nemours
DuPont de Nemours Company Profile
(
Free Report)
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.
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