M&T Bank Corp Sells 9,980 Shares of DuPont de Nemours, Inc. (NYSE:DD)

M&T Bank Corp trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,724,523 shares of the basic materials company’s stock after selling 9,980 shares during the quarter. M&T Bank Corp’s holdings in DuPont de Nemours were worth $131,495,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new position in DuPont de Nemours during the 4th quarter valued at about $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $33,000. Noble Wealth Management PBC purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $35,000. Finally, R Squared Ltd purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $37,000. 73.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on DD. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. BMO Capital Markets upped their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their price target 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 Wednesday, January 15th. Finally, Royal Bank of Canada cut their price target 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. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Down 1.6 %

NYSE:DD opened at $77.60 on Wednesday. The firm has a market capitalization of $32.44 billion, a P/E ratio of 46.46, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 1-year low of $68.81 and a 1-year high of $90.06. The company’s fifty day moving average price is $78.05 and its 200-day moving average price is $81.33. 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 released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.11%. The ex-dividend date is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

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.