United Bank Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

United Bank boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 30.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,420 shares of the basic materials company's stock after purchasing an additional 3,816 shares during the quarter. United Bank's holdings in DuPont de Nemours were worth $1,226,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd lifted its holdings in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after purchasing an additional 302 shares during the period. Vermillion Wealth Management Inc. bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $28,000. JNBA Financial Advisors grew its stake in DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after buying an additional 216 shares during the last quarter. Valley National Advisers Inc. grew its stake in shares of DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after purchasing an additional 248 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of DuPont de Nemours by 78.8% in the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock valued at $34,000 after buying an additional 197 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded up $0.47 during midday trading on Tuesday, reaching $76.42. 586,395 shares of the company traded hands, compared to its average volume of 2,462,774. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The stock has a 50-day moving average price of $69.90 and a 200 day moving average price of $71.89. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The company has a market cap of $31.98 billion, a price-to-earnings ratio of -401.67, a PEG ratio of 2.14 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group raised their target price on DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday. Royal Bank Of Canada decreased their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. KeyCorp lifted their target price on DuPont de Nemours from $85.00 to $87.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Mizuho increased their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, Citigroup raised their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $88.31.

About DuPont de Nemours

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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