Central Bank & Trust Co. Boosts Position in DuPont de Nemours, Inc. (NYSE:DD)

Central Bank & Trust Co. grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 11.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,640 shares of the basic materials company’s stock after purchasing an additional 1,665 shares during the period. Central Bank & Trust Co.’s holdings in DuPont de Nemours were worth $1,394,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC lifted its stake in DuPont de Nemours by 46.6% in the 2nd 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. Crestwood Advisors Group LLC lifted its position in shares of DuPont de Nemours by 3.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after acquiring an additional 132 shares in the last quarter. Moody National Bank Trust Division boosted its stake in shares of DuPont de Nemours by 0.6% during the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock valued at $1,731,000 after acquiring an additional 134 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in DuPont de Nemours by 3.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 137 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in DuPont de Nemours by 3.7% in the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 143 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD stock opened at $81.85 on Tuesday. The firm has a market cap of $34.19 billion, a P/E ratio of 53.85, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The stock has a 50-day simple moving average of $84.15 and a 200-day simple moving average of $81.01.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. DuPont de Nemours’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DD. Deutsche Bank Aktiengesellschaft lifted their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.83.

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.