Huntington National Bank Purchases 3,803 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Huntington National Bank increased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,967 shares of the basic materials company’s stock after purchasing an additional 3,803 shares during the period. Huntington National Bank owned 0.08% of DuPont de Nemours worth $25,084,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Choreo LLC increased its holdings in shares of DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after purchasing an additional 8,205 shares during the last quarter. Merit Financial Group LLC lifted its stake in DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Grandfield & Dodd LLC lifted its stake in shares of DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after acquiring an additional 3,155 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after buying an additional 21,435 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on DD. UBS Group upped their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Wolfe Research raised 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. Royal Bank of Canada dropped 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 Monday, February 10th. Finally, StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Up 0.4 %

DD stock opened at $75.00 on Wednesday. The company has a market cap of $31.36 billion, a price-to-earnings ratio of 44.91, a PEG ratio of 2.15 and a beta of 1.29. The firm has a 50-day moving average of $78.33 and a two-hundred day moving average of $80.67. DuPont de Nemours, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate 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, analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.19%. DuPont de Nemours’s payout ratio is presently 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.