Community Bank N.A. Reduces Position in DuPont de Nemours, Inc. (NYSE:DD)

Community Bank N.A. decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,362 shares of the basic materials company’s stock after selling 3,430 shares during the period. Community Bank N.A.’s holdings in DuPont de Nemours were worth $2,391,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $11,596,000. American Century Companies Inc. grew its stake in shares of DuPont de Nemours by 2.8% in the 4th quarter. American Century Companies Inc. now owns 88,594 shares of the basic materials company’s stock valued at $6,755,000 after buying an additional 2,392 shares during the period. Mizuho Securities USA LLC grew its stake in shares of DuPont de Nemours by 46.3% in the 4th quarter. Mizuho Securities USA LLC now owns 39,613 shares of the basic materials company’s stock valued at $3,020,000 after buying an additional 12,541 shares during the period. Runnymede Capital Advisors Inc. purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $67,000. Finally, Virtu Financial LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $1,468,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $75.25 on Friday. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. The company’s 50 day moving average is $78.46 and its two-hundred day moving average is $80.90. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap of $31.46 billion, a PE ratio of 45.06, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

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

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.18%. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Wall Street Analyst Weigh In

DD has been the subject of several analyst reports. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company decreased 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 report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

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.