FineMark National Bank & Trust Has $1.04 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

FineMark National Bank & Trust cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,697 shares of the basic materials company’s stock after selling 337 shares during the period. FineMark National Bank & Trust’s holdings in DuPont de Nemours were worth $1,044,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in DuPont de Nemours during the fourth quarter worth about $29,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours during the fourth quarter worth about $31,000. Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $33,000. Finally, FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the 3rd quarter worth approximately $39,000. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on DD. UBS Group lifted their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Royal Bank of Canada reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their target price 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 downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Performance

NYSE DD opened at $76.46 on Wednesday. DuPont de Nemours, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06. The firm has a market capitalization of $31.96 billion, a price-to-earnings ratio of 45.78, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm’s 50 day simple moving average is $78.53 and its 200 day simple moving average is $80.84.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, research 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 2.14%. The ex-dividend date 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%.

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.