Bangor Savings Bank Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Bangor Savings Bank trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 19.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 868 shares of the basic materials company’s stock after selling 207 shares during the quarter. Bangor Savings Bank’s holdings in DuPont de Nemours were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of DD. Aster Capital Management DIFC Ltd lifted its position in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $28,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $31,000. Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $33,000. Finally, Covestor Ltd lifted its position in shares of DuPont de Nemours by 78.8% during the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 197 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. KeyCorp lifted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Barclays decreased their target price on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. Citigroup decreased their price objective on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. UBS Group lifted their price objective on DuPont de Nemours from $79.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Finally, Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.92.

DuPont de Nemours Stock Up 1.1%

Shares of DD opened at $68.16 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The stock has a market capitalization of $28.52 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 2.15 and a beta of 1.05. The stock has a 50 day moving average price of $65.07 and a 200 day moving average price of $73.85.

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, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion during 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 firm’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.79 EPS. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio 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.