M&T Bank Corp lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,764,328 shares of the basic materials company's stock after selling 12,725 shares during the period. M&T Bank Corp owned 0.41% of DuPont de Nemours worth $135,729,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. Peoples Bank KS acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $25,000. Carmel Capital Partners LLC acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $36,000. AlphaMark Advisors LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $41,000. Grove Bank & Trust raised its holdings in DuPont de Nemours by 55.1% in the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company's stock valued at $41,000 after acquiring an additional 188 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 73.96% of the company's stock.
Insider Transactions at DuPont de Nemours
In related news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction 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 sale, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.56% of the company's stock.
DuPont de Nemours Trading Down 0.1 %
Shares of NYSE:DD traded down $0.08 during mid-day trading on Friday, reaching $77.67. 2,391,431 shares of the company were exchanged, compared to its average volume of 2,373,408. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.73. The firm has a market cap of $32.47 billion, a price-to-earnings ratio of 94.72, a P/E/G ratio of 2.48 and a beta of 1.39. The firm's 50-day simple moving average is $73.93 and its 200 day simple moving average is $72.08. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $79.19.
DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.81 billion. During the same quarter last year, the company posted $0.84 EPS. The firm's revenue was down 2.9% compared to the same quarter last year. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.61 EPS for the current year.
DuPont de Nemours Announces Dividend
The company also recently disclosed 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 of this dividend is Friday, May 31st. This represents a $1.52 annualized dividend and a dividend yield of 1.96%. DuPont de Nemours's dividend payout ratio (DPR) is currently 185.37%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on DD. StockNews.com upgraded shares of DuPont de Nemours from a "sell" rating to a "hold" rating in a report on Wednesday, February 14th. Citigroup raised their price target on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a "neutral" rating in a report on Wednesday, April 10th. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, February 7th. JPMorgan Chase & Co. raised their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Barclays raised their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an "equal weight" rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $80.00.
Check Out Our Latest Stock Analysis on DD
About DuPont de Nemours
(
Free Report)
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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