Citizens & Northern Corp Trims Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Citizens & Northern Corp lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,956 shares of the basic materials company’s stock after selling 426 shares during the quarter. Citizens & Northern Corp’s holdings in DuPont de Nemours were worth $843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Financial Advisors purchased a new stake in DuPont de Nemours in the fourth quarter valued at $25,000. Cassady Schiller Wealth Management LLC grew its position in shares of DuPont de Nemours by 153.5% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 261 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $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 acquiring an additional 188 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price target for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Wolfe Research began coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating for the company. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Citigroup increased their target price on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.20.

DuPont de Nemours Trading Up 0.5 %

Shares of NYSE DD traded up $0.38 during mid-day trading on Thursday, hitting $78.93. The company’s stock had a trading volume of 11,001,785 shares, compared to its average volume of 2,954,017. The company’s fifty day simple moving average is $76.07 and its 200-day simple moving average is $72.74. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $80.46. The stock has a market cap of $33.00 billion, a price-to-earnings ratio of 96.20, a price-to-earnings-growth ratio of 2.29 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm 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. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. DuPont de Nemours’s payout ratio is presently 185.37%.

Insider Activity

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the sale, the insider now directly owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,193 shares of company stock valued at $1,726,655. 0.56% of the stock is owned by company insiders.

About DuPont de Nemours

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.