M&T Bank Corp Has $154.56 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

M&T Bank Corp increased its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 0.7% in the 3rd quarter, according to its most recent disclosure 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 approximately 0.42% of DuPont de Nemours worth $154,562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at $27,000. Denver PWM LLC acquired a new position in DuPont de Nemours in the second quarter valued at about $28,000. Quarry LP bought a new stake in DuPont de Nemours during the second quarter worth about $37,000. Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours during the third quarter worth approximately $38,000. Finally, FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours in the third quarter valued at approximately $39,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Up 0.6 %

Shares of DuPont de Nemours stock traded up $0.43 on Friday, hitting $77.28. 4,820,781 shares of the company's stock traded hands, compared to its average volume of 2,449,702. The firm's 50-day moving average price is $82.97 and its two-hundred day moving average price 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 stock has a market capitalization of $32.30 billion, a PE ratio of 40.67, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same period in the prior year, the business posted $0.92 EPS. DuPont de Nemours's revenue was up 4.4% on a year-over-year basis. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

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