United Bank Acquires 1,589 Shares of DuPont de Nemours, Inc. (NYSE:DD)

United Bank boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 14.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,604 shares of the basic materials company’s stock after acquiring an additional 1,589 shares during the quarter. United Bank’s holdings in DuPont de Nemours were worth $961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours in the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth approximately $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $33,000. Finally, Noble Wealth Management PBC bought a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $35,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 2.6 %

NYSE DD opened at $74.00 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The business has a fifty day moving average price of $78.45 and a two-hundred day moving average price of $80.75. 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 stock has a market capitalization of $30.94 billion, a PE ratio of 44.31, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 98.20%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DD shares. Wells Fargo & Company dropped their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Citigroup raised their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.