Sanibel Captiva Trust Company Inc. Has $1.86 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Sanibel Captiva Trust Company Inc. decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,066 shares of the basic materials company’s stock after selling 2,223 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in DuPont de Nemours were worth $1,857,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in DuPont de Nemours by 5.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 40,692 shares of the basic materials company’s stock valued at $3,130,000 after purchasing an additional 2,052 shares in the last quarter. Fidelis Capital Partners LLC lifted its holdings in DuPont de Nemours by 58.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 4,421 shares of the basic materials company’s stock worth $340,000 after buying an additional 1,638 shares in the last quarter. Naples Money Management LLC acquired a new position in DuPont de Nemours during the 4th quarter worth $45,000. Greenleaf Trust lifted its holdings in DuPont de Nemours by 16.1% during the 4th quarter. Greenleaf Trust now owns 17,518 shares of the basic materials company’s stock worth $1,348,000 after buying an additional 2,430 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in DuPont de Nemours during the 4th quarter worth $179,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup cut their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. JPMorgan Chase & Co. increased their price target on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Barclays boosted their price target on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Royal Bank of Canada increased their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Mizuho upped their price objective 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 analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded down $0.88 during trading hours on Tuesday, reaching $79.26. 1,578,492 shares of the stock were exchanged, compared to its average volume of 2,701,701. The stock’s fifty day simple moving average is $79.91 and its 200 day simple moving average is $76.36. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $85.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 2.21. The firm has a market capitalization of $33.14 billion, a price-to-earnings ratio of 96.90, a P/E/G ratio of 2.54 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the business posted $0.85 EPS. DuPont de Nemours’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is presently 185.37%.

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.