DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by M&T Bank Corp

M&T Bank Corp grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 0.7% in the third quarter, HoldingsChannel reports. The fund owned 1,734,503 shares of the basic materials company’s stock after acquiring an additional 11,870 shares during the quarter. M&T Bank Corp’s holdings in DuPont de Nemours were worth $154,562,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DD. Denver PWM LLC purchased a new stake in shares of DuPont de Nemours during the second quarter worth about $28,000. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours in the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours in the 3rd quarter valued at about $38,000. FSA Wealth Management LLC acquired a new position in DuPont de Nemours in the 3rd quarter valued at about $39,000. Finally, Quarry LP acquired a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $37,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

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

DuPont de Nemours Trading Up 0.9 %

NYSE DD opened at $83.54 on Tuesday. 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 firm has a market cap of $34.92 billion, a PE ratio of 43.97, a P/E/G ratio of 1.99 and a beta of 1.34. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The firm’s fifty day moving average is $84.19 and its two-hundred day moving average is $82.12.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. Analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued 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 payout ratio is 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.