DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 263,060 shares of the basic materials company’s stock after selling 3,283 shares during the period. US Bancorp DE’s holdings in DuPont de Nemours were worth $23,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of DD. Palisade Asset Management LLC acquired a new position in shares of DuPont de Nemours during the first quarter worth about $25,000. ESL Trust Services LLC acquired a new position in DuPont de Nemours during the 1st quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours during the 2nd quarter worth approximately $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at approximately $28,000. Finally, Fortitude Family Office LLC boosted its stake in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD opened at $82.48 on Friday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The company’s 50 day simple moving average is $84.15 and its 200 day simple moving average is $80.84. The company has a market capitalization of $34.45 billion, a price-to-earnings ratio of 54.26, a PEG ratio of 2.20 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.84%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $88.00 to $84.00 in a report on Monday, October 7th. Citigroup reduced their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft upped their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley lifted their price objective 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. Finally, Royal Bank of Canada upped their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.83.

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.