First United Bank & Trust Has $487,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

First United Bank & Trust grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 6.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,470 shares of the basic materials company’s stock after buying an additional 313 shares during the quarter. First United Bank & Trust’s holdings in DuPont de Nemours were worth $487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DD. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours in the 1st quarter worth about $25,000. ESL Trust Services LLC acquired a new stake in DuPont de Nemours during the first quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the second quarter valued at $27,000. Denver PWM LLC bought a new position in DuPont de Nemours during the second quarter valued at about $28,000. Finally, Fortitude Family Office LLC raised its holdings in DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

DD has been the topic of several recent research reports. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $88.00 to $84.00 in a report on Monday, October 7th. Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada raised their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.91.

DuPont de Nemours Trading Down 2.4 %

DuPont de Nemours stock opened at $84.73 on Wednesday. The business has a 50 day moving average price of $82.92 and a two-hundred day moving average price of $80.16. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 103.33, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours 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.