1ST Source Bank Trims Holdings in DuPont de Nemours, Inc. (NYSE:DD)

1ST Source Bank lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.9% in the third quarter, Holdings Channel reports. The firm owned 18,500 shares of the basic materials company’s stock after selling 160 shares during the quarter. 1ST Source Bank’s holdings in DuPont de Nemours were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours during the second quarter worth about $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours in the second quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of DuPont de Nemours during the second quarter worth $37,000. Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter worth $38,000. Finally, FSA Wealth Management LLC acquired a new stake in DuPont de Nemours in the third quarter valued at about $39,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 1.0 %

DD stock traded down $0.84 during trading hours on Friday, hitting $80.72. The company’s stock had a trading volume of 297,450 shares, compared to its average volume of 2,440,875. The stock has a 50 day moving average price of $83.84 and a two-hundred day moving average price of $82.12. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a market capitalization of $33.74 billion, a PE ratio of 42.93, a price-to-earnings-growth ratio of 1.97 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last posted 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. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.88%. DuPont de Nemours’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DD. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of 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 upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Barclays boosted their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.42.

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.