Northwest Bank & Trust Co Buys Shares of 8,820 DuPont de Nemours, Inc. (NYSE:DD)

Northwest Bank & Trust Co bought a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,820 shares of the basic materials company’s stock, valued at approximately $678,000.

A number of other institutional investors have also recently made changes to their positions in the company. City State Bank raised its holdings in DuPont de Nemours by 3.9% in the 4th quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock valued at $271,000 after acquiring an additional 132 shares during the last quarter. Laurel Wealth Advisors LLC boosted its stake in DuPont de Nemours by 5.3% during the third quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock worth $209,000 after buying an additional 142 shares during the last quarter. Personal CFO Solutions LLC grew its holdings in DuPont de Nemours by 2.4% in the 3rd quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock valued at $461,000 after buying an additional 147 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of DuPont de Nemours by 0.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 36,787 shares of the basic materials company’s stock worth $2,744,000 after acquiring an additional 160 shares during the last quarter. Finally, Thoroughbred Financial Services LLC raised its holdings in shares of DuPont de Nemours by 2.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company’s stock worth $461,000 after acquiring an additional 162 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 0.5 %

Shares of DD traded down $0.42 during mid-day trading on Friday, hitting $79.66. 2,006,554 shares of the company’s stock were exchanged, compared to its average volume of 2,950,236. The stock’s 50-day moving average is $77.80 and its 200-day moving average is $73.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.61 and a current ratio of 2.33. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $82.63. The company has a market cap of $33.31 billion, a price-to-earnings ratio of 97.15, a P/E/G ratio of 2.50 and a beta of 1.36.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the business earned $0.84 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s payout ratio is presently 185.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Citigroup upgraded DuPont de Nemours from a “neutral” rating to a “buy” rating and upped their price objective for the company from $85.00 to $95.00 in a report on Tuesday, May 28th. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Mizuho upped their price target on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.09.

Insider Transactions at DuPont de Nemours

In related news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the sale, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The disclosure for this sale can be found here. Corporate 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.