Hickory Point Bank & Trust Takes $345,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Hickory Point Bank & Trust bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,526 shares of the basic materials company’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DD. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours in the 4th quarter valued at $29,000. Golden State Wealth Management LLC acquired a new position in DuPont de Nemours in the 4th quarter valued at $33,000. Noble Wealth Management PBC acquired a new position in DuPont de Nemours in the 4th quarter valued at $35,000. Finally, R Squared Ltd acquired a new position in DuPont de Nemours in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $81.75 on Friday. The business has a 50-day moving average of $78.00 and a 200 day moving average of $81.34. DuPont de Nemours, Inc. has a 12 month low of $68.21 and a 12 month high of $90.06. The stock has a market capitalization of $34.18 billion, a price-to-earnings ratio of 48.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DD shares. Wells Fargo & Company cut their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. UBS Group raised their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Citigroup raised their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.