OLD National Bancorp IN Has $13.46 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

OLD National Bancorp IN decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 174,995 shares of the basic materials company's stock after selling 12,853 shares during the quarter. OLD National Bancorp IN's holdings in DuPont de Nemours were worth $13,462,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Peoples Bank KS purchased a new position in shares of DuPont de Nemours during the third quarter worth about $25,000. Cornerstone Planning Group LLC purchased a new position in shares of DuPont de Nemours during the second quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours during the first quarter worth about $26,000. Carmel Capital Partners LLC purchased a new position in shares of DuPont de Nemours during the third quarter worth about $36,000. Finally, AlphaMark Advisors LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

Shares of DD stock traded up $0.36 during midday trading on Friday, reaching $73.89. 2,341,993 shares of the company traded hands, compared to its average volume of 1,876,876. The firm's 50 day simple moving average is $72.65 and its two-hundred day simple moving average is $72.11. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $78.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The firm has a market cap of $30.89 billion, a PE ratio of 79.45, a price-to-earnings-growth ratio of 2.45 and a beta of 1.40.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. During the same period last year, the firm earned $0.89 EPS. The company's revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 3.49 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. DuPont de Nemours's payout ratio is 163.44%.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares of the company's stock, valued at approximately $1,134,733.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DD shares. StockNews.com raised DuPont de Nemours from a "sell" rating to a "hold" rating in a report on Wednesday, February 14th. Barclays lowered their price target on DuPont de Nemours from $74.00 to $70.00 and set an "equal weight" rating on the stock in a report on Monday, February 12th. Citigroup raised their price target on DuPont de Nemours from $73.00 to $80.00 and gave the stock a "neutral" rating in a report on Wednesday, April 10th. TheStreet lowered DuPont de Nemours from a "b-" rating to a "c" rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada raised their price target on DuPont de Nemours from $75.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of "Hold" and an average target price of $77.90.

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.