First PREMIER Bank Sells 320 Shares of DuPont de Nemours, Inc. (NYSE:DD)

First PREMIER Bank decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,871 shares of the basic materials company’s stock after selling 320 shares during the quarter. First PREMIER Bank’s holdings in DuPont de Nemours were worth $231,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Northwest Financial Advisors purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at about $25,000. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours during the first quarter valued at $25,000. ESL Trust Services LLC purchased a new position in shares of DuPont de Nemours in the 1st quarter worth $26,000. LifeSteps Financial Inc. bought a new stake in shares of DuPont de Nemours in the 1st quarter worth about $28,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $33,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DD shares. Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Barclays raised their price target on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. UBS Group increased their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Up 2.0 %

Shares of NYSE DD traded up $1.57 during midday trading on Thursday, reaching $80.32. 1,636,394 shares of the company’s stock traded hands, compared to its average volume of 2,727,760. The company has a market cap of $33.58 billion, a price-to-earnings ratio of 97.95, a P/E/G ratio of 2.54 and a beta of 1.34. The stock’s 50 day simple moving average is $79.91 and its 200-day simple moving average is $75.92. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business posted $0.85 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that DuPont de Nemours, Inc. will post 3.69 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

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.