National Bank of Canada FI Decreases Stake in DuPont de Nemours, Inc. (NYSE:DD)

National Bank of Canada FI cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 61.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 160,028 shares of the basic materials company’s stock after selling 258,649 shares during the quarter. National Bank of Canada FI’s holdings in DuPont de Nemours were worth $12,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Peoples Bank KS purchased a new stake in DuPont de Nemours during the third quarter worth $25,000. Carmel Capital Partners LLC purchased a new stake in DuPont de Nemours during the third quarter worth $36,000. AlphaMark Advisors LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth $41,000. Grove Bank & Trust boosted its position in DuPont de Nemours by 55.1% during the fourth quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 188 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth $44,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $78.23 on Thursday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $79.63. The business has a 50-day moving average of $74.46 and a 200-day moving average of $72.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The company has a market capitalization of $32.71 billion, a price-to-earnings ratio of 95.40, a PEG ratio of 2.26 and a beta of 1.39.

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

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, May 31st. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Analysts Set New Price Targets

A number of research firms have commented on DD. Mizuho boosted their target price on DuPont de Nemours from $76.00 to $83.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Barclays boosted their price target on DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday, May 2nd. Royal Bank of Canada boosted their price target on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Finally, Wolfe Research began coverage on DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $80.00.

Insider Activity at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the transaction, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction that occurred on 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 owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

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.