Stock Yards Bank & Trust Co. Buys 613 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Stock Yards Bank & Trust Co. boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,698 shares of the basic materials company’s stock after buying an additional 613 shares during the period. Stock Yards Bank & Trust Co.’s holdings in DuPont de Nemours were worth $575,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DD. Norges Bank acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $146,605,000. Marshall Wace LLP lifted its holdings in DuPont de Nemours by 228.8% in the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock valued at $112,219,000 after buying an additional 1,024,075 shares during the period. Prudential Financial Inc. lifted its holdings in DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after buying an additional 986,366 shares during the period. Assenagon Asset Management S.A. lifted its holdings in DuPont de Nemours by 87.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company’s stock valued at $147,929,000 after buying an additional 922,387 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in DuPont de Nemours by 194.7% in the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after buying an additional 756,604 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 2.4%

Shares of NYSE:DD opened at $66.79 on Friday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $65.65 and its 200 day simple moving average is $73.39. The firm has a market cap of $27.95 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 2.15 and a beta of 1.05.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the business posted $0.79 earnings per share. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. DuPont de Nemours’s payout ratio is -863.16%.

Analyst Ratings Changes

Several equities analysts recently weighed in on DD shares. UBS Group increased their price objective on shares of DuPont de Nemours from $79.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Wall Street Zen lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Mizuho cut their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Royal Bank of Canada cut their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Finally, Morgan Stanley cut their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.92.

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.