Huntington National Bank boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 328,967 shares of the basic materials company's stock after acquiring an additional 3,803 shares during the period. Huntington National Bank owned approximately 0.08% of DuPont de Nemours worth $25,084,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Bank raised its stake in shares of DuPont de Nemours by 2.7% in the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company's stock valued at $982,000 after buying an additional 290 shares in the last quarter. Townsquare Capital LLC increased its stake in DuPont de Nemours by 100.6% in the third quarter. Townsquare Capital LLC now owns 7,090 shares of the basic materials company's stock valued at $632,000 after acquiring an additional 3,555 shares during the period. Benjamin Edwards Inc. raised its position in DuPont de Nemours by 29.1% in the third quarter. Benjamin Edwards Inc. now owns 8,798 shares of the basic materials company's stock worth $786,000 after purchasing an additional 1,981 shares in the last quarter. Garden State Investment Advisory Services LLC bought a new position in DuPont de Nemours during the third quarter worth about $203,000. Finally, Hilltop Holdings Inc. lifted its stake in DuPont de Nemours by 24.2% during the third quarter. Hilltop Holdings Inc. now owns 5,993 shares of the basic materials company's stock worth $534,000 after purchasing an additional 1,167 shares during the period. 73.96% of the stock is currently owned by institutional investors.
DuPont de Nemours Price Performance
Shares of NYSE DD traded down $8.82 during trading on Friday, reaching $58.96. The company had a trading volume of 11,808,821 shares, compared to its average volume of 2,276,487. DuPont de Nemours, Inc. has a 52 week low of $56.21 and a 52 week high of $90.06. 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 50 day moving average price is $77.71 and its 200-day moving average price is $80.38. The stock has a market cap of $24.65 billion, a PE ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.29.
DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. Analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.
DuPont de Nemours Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's dividend payout ratio (DPR) is presently 98.20%.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on DD. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. UBS Group boosted their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $99.17.
Check Out Our Latest Stock Report on DD
About DuPont de Nemours
(
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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