Stock Yards Bank & Trust Co. Trims Stake in DuPont de Nemours, Inc. (NYSE:DD)

Stock Yards Bank & Trust Co. decreased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 14.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,491 shares of the basic materials company’s stock after selling 1,413 shares during the period. Stock Yards Bank & Trust Co.’s holdings in DuPont de Nemours were worth $757,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in DD. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours in the 2nd quarter valued at about $27,000. Denver PWM LLC purchased a new stake in shares of DuPont de Nemours during the second quarter worth about $28,000. Quarry LP acquired a new position in shares of DuPont de Nemours in the second quarter valued at approximately $37,000. Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours during the third quarter valued at approximately $38,000. Finally, FSA Wealth Management LLC acquired a new stake in DuPont de Nemours during the third quarter worth approximately $39,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DD. Morgan Stanley boosted 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. Barclays upped their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Price Performance

DD opened at $81.56 on Friday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a 50 day moving average of $83.84 and a two-hundred day moving average of $82.12. The company has a market cap of $34.09 billion, a P/E ratio of 42.93, a P/E/G ratio of 1.97 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its quarterly 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 net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.86%. DuPont de Nemours’s payout ratio is currently 80.00%.

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.