First County Bank CT Trims Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

First County Bank CT reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,499 shares of the basic materials company’s stock after selling 302 shares during the quarter. First County Bank CT’s holdings in DuPont de Nemours were worth $401,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC increased its stake in shares of DuPont de Nemours by 236.8% during the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after acquiring an additional 28,553 shares during the period. Canandaigua National Bank & Trust Co. acquired a new position in DuPont de Nemours during the 2nd quarter worth approximately $1,610,000. Cetera Investment Advisers raised its stake in shares of DuPont de Nemours by 186.5% during the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after buying an additional 56,870 shares in the last quarter. Appian Way Asset Management LP purchased a new stake in shares of DuPont de Nemours in the second quarter valued at approximately $2,978,000. Finally, BDF Gestion purchased a new stake in shares of DuPont de Nemours in the second quarter valued at approximately $2,612,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company boosted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Morgan Stanley raised their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Price Performance

NYSE:DD opened at $82.95 on Friday. The company’s 50-day moving average is $84.60 and its two-hundred day moving average is $81.69. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm has a market cap of $34.67 billion, a price-to-earnings ratio of 43.66, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the company earned $0.92 EPS. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is 80.00%.

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.