US Bancorp DE Has $21.97 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

US Bancorp DE trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 285,521 shares of the basic materials company’s stock after selling 8,310 shares during the period. US Bancorp DE’s holdings in DuPont de Nemours were worth $21,965,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lido Advisors LLC lifted its holdings in DuPont de Nemours by 10.4% in the third quarter. Lido Advisors LLC now owns 17,033 shares of the basic materials company’s stock valued at $1,270,000 after buying an additional 1,609 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $1,859,000. Premier Path Wealth Partners LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $1,031,000. abrdn plc lifted its holdings in DuPont de Nemours by 30.9% in the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock valued at $31,141,000 after buying an additional 95,505 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $2,000,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and upped their target price for the company from $78.00 to $101.00 in a research note on Friday, May 17th. TheStreet downgraded shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Mizuho upped their target price on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $88.50.

DuPont de Nemours Stock Up 2.8 %

Shares of DD stock opened at $81.12 on Friday. The firm has a fifty day moving average of $76.32 and a 200-day moving average of $72.89. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $81.29. The company has a market capitalization of $33.92 billion, a price-to-earnings ratio of 98.93, a P/E/G ratio of 2.34 and a beta of 1.39.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.14. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.64 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

Insider Activity at DuPont de Nemours

In related news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the sale, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Leland Weaver sold 18,500 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the sale, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,193 shares of company stock valued at $1,726,655. Corporate insiders own 0.56% of the company’s stock.

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.