DuPont de Nemours, Inc. (NYSE:DD) Stock Position Lowered by Community Bank N.A.

Community Bank N.A. reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 13.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,792 shares of the basic materials company’s stock after selling 5,441 shares during the quarter. Community Bank N.A.’s holdings in DuPont de Nemours were worth $3,100,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Denver PWM LLC acquired a new position in DuPont de Nemours during the second quarter valued at $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at about $27,000. Fortitude Family Office LLC lifted its position in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours during the third quarter worth approximately $38,000. Finally, FSA Wealth Management LLC purchased a new position in DuPont de Nemours during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DD. Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays upped their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company lifted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Two investment 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. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Stock Down 0.4 %

DD opened at $83.59 on Monday. The firm has a market cap of $34.94 billion, a P/E ratio of 43.99, a price-to-earnings-growth ratio of 2.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The business has a 50 day moving average price of $84.75 and a 200 day moving average price of $81.93. 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 quarterly earnings data 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company earned $0.92 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.