Smithfield Trust Co Trims Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Smithfield Trust Co lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,971 shares of the basic materials company’s stock after selling 305 shares during the quarter. Smithfield Trust Co’s holdings in DuPont de Nemours were worth $443,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC grew its position in DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after buying an additional 28,553 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in shares of DuPont de Nemours during the second quarter valued at about $1,610,000. Cetera Investment Advisers grew its holdings in shares of DuPont de Nemours by 186.5% during the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after purchasing an additional 56,870 shares in the last quarter. Appian Way Asset Management LP acquired a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $2,978,000. Finally, BDF Gestion bought a new stake in shares of DuPont de Nemours in the 2nd quarter valued at approximately $2,612,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.3 %

Shares of DD opened at $82.95 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $34.67 billion, a P/E ratio of 43.66, a PEG ratio of 1.94 and a beta of 1.35. The firm has a fifty day simple moving average of $84.60 and a two-hundred day simple moving average of $81.69. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm 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 is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.83%. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley boosted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

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.