Intrust Bank NA Reduces Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Intrust Bank NA reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,939 shares of the basic materials company’s stock after selling 164 shares during the period. Intrust Bank NA’s holdings in DuPont de Nemours were worth $300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in DuPont de Nemours during the fourth quarter worth about $146,605,000. Prudential Financial Inc. boosted its position in shares of DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock worth $97,492,000 after acquiring an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares during the period. Raymond James Financial Inc. purchased a new position in DuPont de Nemours during the fourth quarter worth approximately $50,063,000. Finally, Franklin Resources Inc. boosted its holdings in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after purchasing an additional 570,703 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 2.6 %

Shares of DuPont de Nemours stock opened at $74.00 on Monday. 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, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06. The business has a 50-day moving average of $78.45 and a 200-day moving average of $80.75. The company has a market capitalization of $30.94 billion, a PE ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) 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 analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS 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. Investors of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DD shares. Royal Bank of Canada cut their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced 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 report on Wednesday, January 15th. 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 company currently 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.