DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Bank of Hawaii

Bank of Hawaii cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.2% in the third quarter, HoldingsChannel.com reports. The firm owned 4,928 shares of the basic materials company’s stock after selling 328 shares during the quarter. Bank of Hawaii’s holdings in DuPont de Nemours were worth $439,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Douglass Winthrop Advisors LLC boosted its holdings in DuPont de Nemours by 6.8% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 6,684 shares of the basic materials company’s stock valued at $596,000 after acquiring an additional 423 shares during the period. Fisher Asset Management LLC lifted its position in shares of DuPont de Nemours by 16.2% during the third quarter. Fisher Asset Management LLC now owns 4,900 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 684 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of DuPont de Nemours by 25.7% in the third quarter. Daiwa Securities Group Inc. now owns 61,328 shares of the basic materials company’s stock valued at $5,465,000 after purchasing an additional 12,546 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of DuPont de Nemours by 2.1% in the third quarter. Summit Trail Advisors LLC now owns 16,705 shares of the basic materials company’s stock valued at $1,489,000 after purchasing an additional 336 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of DuPont de Nemours by 87.5% in the third quarter. Larson Financial Group LLC now owns 812 shares of the basic materials company’s stock valued at $72,000 after purchasing an additional 379 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

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

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $84.42 on Tuesday. The company has a market cap of $35.28 billion, a P/E ratio of 44.43, a price-to-earnings-growth ratio of 1.99 and a beta of 1.35. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The business has a fifty day moving average of $84.69 and a two-hundred day moving average of $81.81. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

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

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.