DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Community Bank N.A.

Community Bank N.A. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 46,059 shares of the basic materials company’s stock after selling 671 shares during the period. Community Bank N.A.’s holdings in DuPont de Nemours were worth $3,543,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new stake in DuPont de Nemours during the 3rd quarter worth about $25,000. Carmel Capital Partners LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter worth about $36,000. Grove Bank & Trust boosted its stake in shares of DuPont de Nemours by 55.1% during the 4th quarter. Grove Bank & Trust now owns 529 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 188 shares in the last quarter. AlphaMark Advisors LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth about $41,000. Finally, Arlington Trust Co LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth about $44,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DD shares. Mizuho lowered their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and increased their target price for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. Finally, Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $77.90.

DuPont de Nemours Price Performance

DD traded up $0.16 during trading on Wednesday, reaching $73.96. The company’s stock had a trading volume of 1,518,387 shares, compared to its average volume of 3,034,708. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $73.03 and a two-hundred day simple moving average of $72.12. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $78.74. The company has a market cap of $30.92 billion, a price-to-earnings ratio of 79.53, a PEG ratio of 2.42 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the company posted $0.89 EPS. The business’s revenue was down 6.6% on a year-over-year basis. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 163.44%.

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.56% of the company’s stock.

About DuPont de Nemours

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.