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

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Level Four Advisory Services LLC grew its holdings in shares of DuPont de Nemours by 2.8% in the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after purchasing an additional 129 shares in the last quarter. Hancock Whitney Corp raised its position in DuPont de Nemours by 2.6% in the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after purchasing an additional 143 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in DuPont de Nemours by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company's stock valued at $178,000 after purchasing an additional 146 shares in the last quarter. Freedom Investment Management Inc. raised its position in DuPont de Nemours by 3.4% in the 4th quarter. Freedom Investment Management Inc. now owns 4,920 shares of the basic materials company's stock valued at $375,000 after purchasing an additional 164 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its position in DuPont de Nemours by 5.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 3,348 shares of the basic materials company's stock valued at $255,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DD shares. JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Citigroup increased their price target on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Barclays reduced their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. UBS Group increased their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Wells Fargo & Company cut their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average price target of $86.92.

DuPont de Nemours Stock Performance

Shares of DD traded up $1.13 during mid-day trading on Wednesday, reaching $75.60. 2,508,431 shares of the company's stock were exchanged, compared to its average volume of 2,458,325. The business's fifty day simple moving average is $68.64 and its 200-day simple moving average is $72.03. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The stock has a market capitalization of $31.64 billion, a PE ratio of -397.89, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the business posted $0.79 earnings per share. DuPont de Nemours's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.17%. DuPont de Nemours's dividend payout ratio (DPR) 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.