M&T Bank Corp Has $135.73 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

M&T Bank Corp lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,764,328 shares of the basic materials company’s stock after selling 12,725 shares during the quarter. M&T Bank Corp’s holdings in DuPont de Nemours were worth $135,729,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Peoples Bank KS acquired a new position in DuPont de Nemours during the third quarter valued at approximately $25,000. Carmel Capital Partners LLC bought a new position in shares of DuPont de Nemours in the 3rd quarter valued at $36,000. AlphaMark Advisors LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $41,000. Grove Bank & Trust lifted its position in shares of DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after buying an additional 188 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at about $44,000. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on DD shares. Mizuho increased their target price on shares of DuPont de Nemours from $76.00 to $83.00 and gave the stock a “buy” rating in a report on Thursday. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Wells Fargo & Company increased their price target on DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, Wolfe Research began coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and a consensus price target of $80.00.

DuPont de Nemours Trading Down 0.1 %

Shares of DD traded down $0.08 during mid-day trading on Friday, reaching $77.67. 2,391,431 shares of the company were exchanged, compared to its average volume of 2,373,408. The business has a 50 day simple moving average of $73.93 and a two-hundred day simple moving average of $72.12. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.33. The stock has a market capitalization of $32.47 billion, a PE ratio of 94.72, a PEG ratio of 2.48 and a beta of 1.39. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $79.19.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the business earned $0.84 EPS. The company’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that DuPont de Nemours, Inc. will post 3.61 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.96%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.56% of the company’s stock.

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.