Hills Bank & Trust Co Purchases 275 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Hills Bank & Trust Co increased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,147 shares of the basic materials company’s stock after purchasing an additional 275 shares during the quarter. Hills Bank & Trust Co’s holdings in DuPont de Nemours were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC increased its position in shares of DuPont de Nemours by 46.6% during 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 during the period. Triangle Securities Wealth Management increased its holdings in shares of DuPont de Nemours by 0.7% during the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock valued at $1,456,000 after acquiring an additional 134 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of DuPont de Nemours by 0.6% in the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after purchasing an additional 134 shares during the last quarter. Aaron Wealth Advisors LLC boosted its stake in DuPont de Nemours by 3.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 137 shares in the last quarter. Finally, Penobscot Investment Management Company Inc. grew its position in DuPont de Nemours by 1.2% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 13,094 shares of the basic materials company’s stock valued at $1,004,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.0 %

NYSE:DD traded up $0.81 during midday trading on Friday, hitting $81.10. The stock had a trading volume of 1,325,008 shares, compared to its average volume of 2,678,847. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average of $79.94 and a 200 day moving average of $76.74. The company has a market capitalization of $33.91 billion, a price-to-earnings ratio of 98.90, a PEG ratio of 2.54 and a beta of 1.34. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12.

DuPont de Nemours (NYSE:DD) last posted its 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 during 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%. DuPont de Nemours’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is currently 185.37%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Royal Bank of Canada boosted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped 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. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.