DuPont de Nemours, Inc. (NYSE:DD) Position Trimmed by NBT Bank N A NY

NBT Bank N A NY lessened its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,552 shares of the basic materials company’s stock after selling 452 shares during the quarter. NBT Bank N A NY’s holdings in DuPont de Nemours were worth $1,872,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Lake Street Advisors Group LLC lifted its position in shares of DuPont de Nemours by 3.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 132 shares in the last quarter. Global Trust Asset Management LLC lifted its position in shares of DuPont de Nemours by 1.5% in the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after acquiring an additional 133 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 137 shares in the last quarter. Howard Capital Management Inc. lifted its position in shares of DuPont de Nemours by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 144 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of DuPont de Nemours by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD opened at $76.85 on Tuesday. The company’s fifty day moving average is $78.17 and its 200-day moving average is $81.28. DuPont de Nemours, Inc. has a 12 month low of $71.34 and a 12 month high of $90.06. The firm has a market cap of $32.13 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Equities analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.41 dividend. The ex-dividend date is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.13%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DD shares. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. UBS Group increased their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Finally, Citigroup increased their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.