First Citizens Bank & Trust Co. Sells 475 Shares of DuPont de Nemours, Inc. (NYSE:DD)

First Citizens Bank & Trust Co. cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,017 shares of the basic materials company’s stock after selling 475 shares during the period. First Citizens Bank & Trust Co.’s holdings in DuPont de Nemours were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DD. Stratos Wealth Advisors LLC bought a new stake in DuPont de Nemours in the 3rd quarter valued at about $248,000. V Square Quantitative Management LLC increased its position in DuPont de Nemours by 23.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 5,363 shares of the basic materials company’s stock valued at $478,000 after buying an additional 1,008 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in DuPont de Nemours by 2.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,261 shares of the basic materials company’s stock valued at $5,281,000 after buying an additional 1,656 shares in the last quarter. Cardinal Capital Management increased its position in DuPont de Nemours by 1.5% in the 3rd quarter. Cardinal Capital Management now owns 30,281 shares of the basic materials company’s stock valued at $2,698,000 after buying an additional 458 shares in the last quarter. Finally, SPC Financial Inc. increased its position in DuPont de Nemours by 15.5% in the 3rd quarter. SPC Financial Inc. now owns 9,312 shares of the basic materials company’s stock valued at $830,000 after buying an additional 1,250 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $85.09 on Monday. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The stock’s 50 day moving average price is $83.34 and its 200-day moving average price is $80.34. The company has a market capitalization of $35.58 billion, a PE ratio of 103.77, a PEG ratio of 2.26 and a beta of 1.34. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.79%. DuPont de Nemours’s payout ratio is 185.37%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup cut their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada lifted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.91.

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.