Stock Yards Bank & Trust Co. Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Stock Yards Bank & Trust Co. reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.6% during the fourth quarter, HoldingsChannel reports. The firm owned 12,067 shares of the basic materials company’s stock after selling 453 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in DuPont de Nemours were worth $928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. City State Bank lifted its holdings in DuPont de Nemours by 3.9% in the 4th quarter. City State Bank now owns 3,529 shares of the basic materials company’s stock worth $271,000 after buying an additional 132 shares in the last quarter. Laurel Wealth Advisors LLC lifted its stake in shares of DuPont de Nemours by 5.3% in the third quarter. Laurel Wealth Advisors LLC now owns 2,803 shares of the basic materials company’s stock worth $209,000 after acquiring an additional 142 shares in the last quarter. Ballast Inc. boosted its holdings in DuPont de Nemours by 1.0% in the third quarter. Ballast Inc. now owns 14,119 shares of the basic materials company’s stock valued at $1,053,000 after purchasing an additional 143 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in DuPont de Nemours by 2.4% in the third quarter. Personal CFO Solutions LLC now owns 6,174 shares of the basic materials company’s stock valued at $461,000 after purchasing an additional 147 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in DuPont de Nemours by 0.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 36,787 shares of the basic materials company’s stock valued at $2,744,000 after purchasing an additional 160 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction that occurred 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 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 Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DD. TheStreet cut DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. BMO Capital Markets downgraded shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $80.00 to $72.00 in a research report on Wednesday, January 24th. Wells Fargo & Company raised their price objective on DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Wolfe Research assumed coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Finally, 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 report on Monday, February 12th. One equities research 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, DuPont de Nemours has a consensus rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Stock Down 0.1 %

Shares of DD stock opened at $73.80 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The stock has a market cap of $30.85 billion, a PE ratio of 79.36, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The business’s fifty day moving average is $72.90 and its 200-day moving average is $72.11. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $78.74.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating 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 business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the business earned $0.89 earnings per share. The business’s quarterly revenue was down 6.6% on a year-over-year basis. Equities analysts expect that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 163.44%.

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.