Heritage Trust Co Takes $441,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Heritage Trust Co acquired a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,790 shares of the basic materials company's stock, valued at approximately $441,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of DuPont de Nemours by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock worth $3,552,961,000 after acquiring an additional 353,010 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of DuPont de Nemours by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after purchasing an additional 483,722 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after purchasing an additional 91,108 shares during the period. FMR LLC lifted its stake in shares of DuPont de Nemours by 3.2% during the 4th quarter. FMR LLC now owns 2,828,397 shares of the basic materials company's stock valued at $215,665,000 after buying an additional 88,479 shares in the last quarter. Finally, Boston Partners increased its stake in DuPont de Nemours by 32.7% in the 4th quarter. Boston Partners now owns 2,213,133 shares of the basic materials company's stock worth $168,759,000 after buying an additional 545,087 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. KeyCorp upgraded shares of DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 target price on the stock in a report on Monday. Mizuho lowered their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, UBS Group cut their price target on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and a consensus price target of $87.71.

DuPont de Nemours Price Performance

Shares of DD stock traded up $1.57 during mid-day trading on Thursday, hitting $60.82. 1,124,106 shares of the stock were exchanged, compared to its average volume of 2,370,357. The company has a market cap of $25.45 billion, a PE ratio of 36.45, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The firm has a fifty day moving average of $74.15 and a 200 day moving average of $78.59. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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 anticipate 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 announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.70%. DuPont de Nemours's dividend payout ratio is presently 98.20%.

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.