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

First Citizens Bank & Trust Co. raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,338 shares of the basic materials company’s stock after buying an additional 294 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in DuPont de Nemours were worth $399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DD. Aster Capital Management DIFC Ltd raised its stake in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after buying an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in DuPont de Nemours during the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours during the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the fourth quarter valued at approximately $33,000. Finally, Covestor Ltd raised its stake in DuPont de Nemours by 78.8% during the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company’s stock valued at $34,000 after buying an additional 197 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on DD shares. KeyCorp upped their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and dropped their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. UBS Group increased their price target on DuPont de Nemours from $79.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Wall Street Zen cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Mizuho lowered their target price on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.92.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $70.12 on Wednesday. The stock has a fifty day moving average price of $64.98 and a two-hundred day moving average price of $73.72. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a market cap of $29.35 billion, a P/E ratio of 41.99, a PEG ratio of 2.15 and a beta of 1.05. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.79 EPS. Research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

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.