FineMark National Bank & Trust Has $1.04 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

FineMark National Bank & Trust trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.4% during the fourth quarter, HoldingsChannel reports. The fund owned 13,697 shares of the basic materials company’s stock after selling 337 shares during the quarter. FineMark National Bank & Trust’s holdings in DuPont de Nemours were worth $1,044,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. United Bank increased its stake in shares of DuPont de Nemours by 2.7% in the third quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after buying an additional 290 shares during the period. Cerity Partners LLC increased its position in DuPont de Nemours by 40.3% during the 3rd quarter. Cerity Partners LLC now owns 108,427 shares of the basic materials company’s stock valued at $9,662,000 after purchasing an additional 31,164 shares during the period. Larson Financial Group LLC increased its position in DuPont de Nemours by 87.5% during the 3rd 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 during the period. Daiwa Securities Group Inc. raised its holdings in DuPont de Nemours by 25.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 61,328 shares of the basic materials company’s stock worth $5,465,000 after purchasing an additional 12,546 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of DuPont de Nemours by 16.2% in the 3rd 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 during the period. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

DD has been the subject of a number of analyst reports. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company dropped their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, BMO Capital Markets raised their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Three equities research 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Down 0.8 %

Shares of NYSE DD opened at $76.46 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The company has a 50-day moving average price of $78.53 and a 200-day moving average price of $80.84. The stock has a market capitalization of $31.96 billion, a P/E ratio of 45.78, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.14%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s payout ratio is currently 98.20%.

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.