Trust Co. of Toledo NA OH Boosts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Trust Co. of Toledo NA OH raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,973 shares of the basic materials company’s stock after acquiring an additional 792 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in DuPont de Nemours were worth $1,447,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in DD. Acadian Asset Management LLC grew its position in shares of DuPont de Nemours by 1,285.4% in the second quarter. Acadian Asset Management LLC now owns 12,372 shares of the basic materials company’s stock valued at $993,000 after purchasing an additional 11,479 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of DuPont de Nemours by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock worth $7,733,000 after purchasing an additional 20,266 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of DuPont de Nemours by 74.6% during the second quarter. Oppenheimer & Co. Inc. now owns 26,070 shares of the basic materials company’s stock worth $2,098,000 after buying an additional 11,137 shares in the last quarter. HBK Sorce Advisory LLC raised its position in shares of DuPont de Nemours by 7.0% in the second quarter. HBK Sorce Advisory LLC now owns 5,339 shares of the basic materials company’s stock valued at $430,000 after buying an additional 350 shares during the last quarter. Finally, Thoroughbred Financial Services LLC purchased a new position in shares of DuPont de Nemours during the second quarter valued at approximately $621,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

NYSE DD traded up $1.14 on Monday, reaching $73.84. The company’s stock had a trading volume of 266,389 shares, compared to its average volume of 2,207,799. The firm’s 50 day moving average is $80.38 and its two-hundred day moving average is $81.55. The stock has a market cap of $30.86 billion, a PE ratio of 38.86, a PEG ratio of 1.95 and a beta of 1.34. 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, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Analyst Ratings Changes

DD has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley increased their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Citigroup reduced their target price on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. Finally, Barclays raised their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $95.25.

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.