First National Bank & Trust Co. of Newtown Sells 454 Shares of DuPont de Nemours, Inc. (NYSE:DD)

First National Bank & Trust Co. of Newtown trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,216 shares of the basic materials company’s stock after selling 454 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in DuPont de Nemours were worth $940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lido Advisors LLC increased its stake in DuPont de Nemours by 10.4% during the 3rd quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock worth $1,270,000 after purchasing an additional 1,609 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $1,859,000. Premier Path Wealth Partners LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $1,031,000. Louisiana State Employees Retirement System bought a new stake in DuPont de Nemours in the 4th quarter valued at $2,000,000. Finally, Axxcess Wealth Management LLC boosted its stake in DuPont de Nemours by 424.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 28,568 shares of the basic materials company’s stock worth $2,131,000 after purchasing an additional 23,116 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DD shares. BMO Capital Markets downgraded DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Barclays reduced their price target on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, February 12th. TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Finally, Citigroup boosted their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $77.90.

DuPont de Nemours Stock Up 0.5 %

Shares of DuPont de Nemours stock traded up $0.34 on Friday, reaching $73.87. 895,544 shares of the company were exchanged, compared to its average volume of 3,074,697. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $78.74. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $72.53 and a 200 day moving average of $72.13. The company has a market capitalization of $30.88 billion, a price-to-earnings ratio of 79.36, a PEG ratio of 2.42 and a beta of 1.40.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s payout ratio is currently 163.44%.

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.56% of the company’s stock.

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.