First National Trust Co Reduces Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

First National Trust Co decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 2.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,402 shares of the basic materials company’s stock after selling 232 shares during the quarter. First National Trust Co’s holdings in DuPont de Nemours were worth $800,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lido Advisors LLC increased its holdings in DuPont de Nemours by 10.4% during the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock valued at $1,270,000 after purchasing an additional 1,609 shares during the period. CHURCHILL MANAGEMENT Corp bought a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $1,859,000. Premier Path Wealth Partners LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $1,031,000. abrdn plc raised its holdings in shares of DuPont de Nemours by 30.9% during the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after acquiring an additional 95,505 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in DuPont de Nemours in the fourth quarter worth $2,000,000. 73.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by insiders.

DuPont de Nemours Stock Down 0.1 %

Shares of DD traded down $0.08 on Friday, hitting $77.67. 2,391,431 shares of the stock traded hands, compared to its average volume of 2,373,408. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $79.19. The company has a market capitalization of $32.47 billion, a PE ratio of 94.72, a P/E/G ratio of 2.48 and a beta of 1.39. The business has a 50 day simple moving average of $73.93 and a 200 day simple moving average of $72.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.33.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the company earned $0.84 EPS. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.96%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Citigroup raised their price objective 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. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. BMO Capital Markets lowered shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $80.00 to $72.00 in a research note on Wednesday, January 24th. Finally, Wolfe Research started coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $80.00.

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.