DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Hills Bank & Trust Co

Hills Bank & Trust Co raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 13,147 shares of the basic materials company’s stock after buying an additional 275 shares during the period. Hills Bank & Trust Co’s holdings in DuPont de Nemours were worth $1,058,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwest Financial Advisors acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in shares of DuPont de Nemours during the 1st quarter worth $25,000. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours in the first quarter worth about $26,000. LifeSteps Financial Inc. acquired a new stake in DuPont de Nemours in the 1st quarter worth approximately $28,000. Finally, Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours during the 1st quarter worth $33,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Up 1.0 %

NYSE:DD traded up $0.81 during trading hours on Friday, hitting $81.10. 1,325,008 shares of the stock were exchanged, compared to its average volume of 2,678,847. The company has a market capitalization of $33.91 billion, a P/E ratio of 98.90, a price-to-earnings-growth ratio of 2.54 and a beta of 1.34. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $79.94 and its two-hundred day moving average is $76.74. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $85.12.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.69 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DD. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Finally, Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $80.00 to $103.00 in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours 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.