Central Bank & Trust Co. Has $1.22 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Central Bank & Trust Co. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,282 shares of the basic materials company’s stock after purchasing an additional 703 shares during the period. Central Bank & Trust Co.’s holdings in DuPont de Nemours were worth $1,216,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Dynamic Technology Lab Private Ltd bought a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $1,343,000. Grandfield & Dodd LLC increased its holdings in DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 3,155 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after purchasing an additional 91,108 shares in the last quarter. Daiwa Securities Group Inc. raised its position in DuPont de Nemours by 7.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 65,616 shares of the basic materials company’s stock valued at $5,003,000 after purchasing an additional 4,288 shares during the last quarter. Finally, Walnut Level Capital LLC boosted its stake in DuPont de Nemours by 65.2% in the fourth quarter. Walnut Level Capital LLC now owns 115,674 shares of the basic materials company’s stock worth $8,820,000 after purchasing an additional 45,674 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DD. KeyCorp upped their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Mizuho reduced their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Finally, BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $85.92.

DuPont de Nemours Stock Up 1.1%

Shares of DuPont de Nemours stock opened at $68.16 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The business has a fifty day simple moving average of $65.07 and a 200 day simple moving average of $73.91. The stock has a market cap of $28.52 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.41%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -863.16%.

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.