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

M&T Bank Corp trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,671,112 shares of the basic materials company's stock after selling 53,411 shares during the period. M&T Bank Corp owned about 0.40% of DuPont de Nemours worth $124,798,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in DuPont de Nemours by 0.8% in 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 in the last quarter. Franklin Resources Inc. grew its stake in DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after acquiring an additional 483,722 shares in the last quarter. Northern Trust Corp grew its stake in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after acquiring an additional 690,218 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after acquiring an additional 336,000 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in DuPont de Nemours by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock worth $249,961,000 after acquiring an additional 37,327 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DD. Citigroup upped their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Barclays lowered their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. KeyCorp upped their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Mizuho lowered their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.92.

DuPont de Nemours Stock Up 0.8%

DD traded up $0.58 during trading on Thursday, hitting $76.12. The stock had a trading volume of 1,650,512 shares, compared to its average volume of 2,456,693. The company has a market capitalization of $31.86 billion, a PE ratio of -400.63, a PEG ratio of 2.11 and a beta of 1.04. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The stock has a 50 day simple moving average of $68.64 and a two-hundred day simple moving average of $72.03.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. DuPont de Nemours's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.79 earnings per share. On average, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.15%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

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.