AMG National Trust Bank Sells 842 Shares of DuPont de Nemours, Inc. (NYSE:DD)

AMG National Trust Bank lowered its stake in DuPont de Nemours, Inc. (NYSE:DD) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,996 shares of the basic materials company’s stock after selling 842 shares during the period. AMG National Trust Bank’s holdings in DuPont de Nemours were worth $379,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at about $33,000. Finally, Noble Wealth Management PBC acquired a new stake in DuPont de Nemours in the fourth quarter valued at about $35,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $78.21 on Friday. The stock’s 50 day moving average is $78.15 and its 200 day moving average is $81.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a market cap of $32.70 billion, a P/E ratio of 46.83, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a one year low of $71.34 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.41 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s payout ratio is currently 98.20%.

Analysts Set New Price Targets

Several analysts recently weighed in on DD shares. Citigroup raised their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. UBS Group raised their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Three research 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 company currently has an average rating of “Moderate Buy” and a consensus 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.