AMG National Trust Bank Acquires 687 Shares of DuPont de Nemours, Inc. (NYSE:DD)

AMG National Trust Bank lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 13.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,838 shares of the basic materials company’s stock after buying an additional 687 shares during the quarter. AMG National Trust Bank’s holdings in DuPont de Nemours were worth $520,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of DD. Aljian Capital Management LLC purchased a new stake in shares of DuPont de Nemours in the third quarter worth $648,000. Gilbert & Cook Inc. purchased a new stake in shares of DuPont de Nemours in the 3rd quarter valued at $384,000. Swiss National Bank grew its stake in shares of DuPont de Nemours by 0.3% during the third quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock valued at $110,583,000 after buying an additional 3,200 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of DuPont de Nemours by 128.1% in the third quarter. Thrivent Financial for Lutherans now owns 60,872 shares of the basic materials company’s stock worth $5,423,000 after buying an additional 34,182 shares during the period. Finally, Claro Advisors LLC grew its position in DuPont de Nemours by 42.8% in the 3rd quarter. Claro Advisors LLC now owns 6,704 shares of the basic materials company’s stock worth $597,000 after purchasing an additional 2,010 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DD has been the topic of a number of recent research reports. Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Stock Down 0.6 %

Shares of NYSE:DD opened at $81.38 on Wednesday. The stock has a market cap of $34.01 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35. The firm’s 50 day moving average price is $84.51 and its 200 day moving average price is $81.68. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the firm earned $0.92 EPS. The business’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 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.