DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Huntington National Bank

Huntington National Bank grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 328,967 shares of the basic materials company’s stock after buying an additional 3,803 shares during the period. Huntington National Bank’s holdings in DuPont de Nemours were worth $25,084,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Hager Investment Management Services LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter worth $29,000. Vision Financial Markets LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at $33,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at $35,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $75.00 on Wednesday. The company’s fifty day moving average price is $78.33 and its 200 day moving average price is $80.67. The firm has a market capitalization of $31.36 billion, a P/E ratio of 44.91, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, sell-side analysts predict 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 $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Analyst Ratings Changes

DD has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research report on Friday, January 17th. Finally, Barclays raised 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 research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Company 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.