OLD National Bancorp IN Sells 5,254 Shares of DuPont de Nemours, Inc. (NYSE:DD)

OLD National Bancorp IN lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 18.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,536 shares of the basic materials company's stock after selling 5,254 shares during the period. OLD National Bancorp IN's holdings in DuPont de Nemours were worth $1,683,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DD. Aster Capital Management DIFC Ltd lifted its holdings in shares of DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares during the period. Vermillion Wealth Management Inc. bought a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $33,000. Finally, Covestor Ltd lifted its holdings in shares of DuPont de Nemours by 78.8% during the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after acquiring an additional 197 shares during the period. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Up 1.1%

Shares of NYSE DD opened at $68.16 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The firm has a 50 day moving average price of $65.07 and a two-hundred day moving average price of $73.85. The stock has a market cap of $28.52 billion, a P/E ratio of 40.81, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the prior year, the company posted $0.79 EPS. The company's revenue was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.41%. DuPont de Nemours's payout ratio is -863.16%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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 report on Monday, May 5th. Citigroup lowered their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upped their price objective 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. Barclays lowered their price objective 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. Finally, Mizuho lowered their price objective 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. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.92.

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.

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