Independence Bank of Kentucky Has $191,000 Stake in DuPont de Nemours, Inc. (NYSE:DD)

Independence Bank of Kentucky trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,486 shares of the basic materials company’s stock after selling 894 shares during the period. Independence Bank of Kentucky’s holdings in DuPont de Nemours were worth $191,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Lido Advisors LLC grew its stake in DuPont de Nemours by 10.4% during the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after buying an additional 1,609 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $1,859,000. Premier Path Wealth Partners LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $1,031,000. Axxcess Wealth Management LLC boosted its stake in shares of DuPont de Nemours by 424.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 28,568 shares of the basic materials company’s stock valued at $2,131,000 after purchasing an additional 23,116 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of DuPont de Nemours by 60.6% in the 4th quarter. Pacer Advisors Inc. now owns 46,599 shares of the basic materials company’s stock valued at $3,585,000 after purchasing an additional 17,592 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Barclays reduced their price target on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price objective for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. Finally, Mizuho dropped their price objective on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Hold” and a consensus price target of $76.60.

Get Our Latest Stock Analysis on DuPont de Nemours

DuPont de Nemours Stock Up 0.4 %

DuPont de Nemours stock opened at $77.13 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $78.74. The firm has a 50 day moving average price of $70.09 and a two-hundred day moving average price of $72.03. The firm has a market cap of $32.21 billion, a price-to-earnings ratio of 82.94, a PEG ratio of 2.55 and a beta of 1.40.

DuPont de Nemours (NYSE:DDGet Free Report) last released its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter last year, the business earned $0.89 EPS. The company’s revenue was down 6.6% compared to the same quarter last year. Equities analysts predict that DuPont de Nemours, Inc. will post 3.46 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.38 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 annualized dividend and a dividend yield of 1.97%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. DuPont de Nemours’s payout ratio is currently 163.44%.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is currently owned by company insiders.

DuPont de Nemours Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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