M&T Bank Corp Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

M&T Bank Corp increased its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,734,503 shares of the basic materials company's stock after purchasing an additional 11,870 shares during the period. M&T Bank Corp owned 0.42% of DuPont de Nemours worth $154,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Denver PWM LLC purchased a new position in shares of DuPont de Nemours in the second quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the 2nd quarter worth approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in DuPont de Nemours during the 3rd quarter valued at approximately $38,000. FSA Wealth Management LLC acquired a new stake in DuPont de Nemours during the 3rd quarter valued at approximately $39,000. Finally, Quarry LP acquired a new stake in shares of DuPont de Nemours in the second quarter worth $37,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded up $0.43 during midday trading on Friday, reaching $77.28. The company had a trading volume of 4,820,781 shares, compared to its average volume of 2,449,702. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The firm's fifty day simple moving average is $82.97 and its 200-day simple moving average is $82.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company has a market capitalization of $32.30 billion, a P/E ratio of 40.67, a P/E/G ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the business posted $0.92 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours's payout ratio is 80.00%.

Analyst Upgrades and Downgrades

DD has been the topic of several recent research reports. Barclays upped their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a report on Monday, October 21st. Royal Bank of Canada lifted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, DuPont de Nemours has an average rating of "Moderate Buy" and an average target price of $95.25.

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.