Community Bank N.A. Sells 671 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Community Bank N.A. decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,059 shares of the basic materials company’s stock after selling 671 shares during the period. Community Bank N.A.’s holdings in DuPont de Nemours were worth $3,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Lido Advisors LLC increased its holdings in shares of DuPont de Nemours by 10.4% in 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 bought a new stake in shares of DuPont de Nemours in the fourth quarter worth $1,859,000. Premier Path Wealth Partners LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter worth $1,031,000. abrdn plc grew its holdings in shares of DuPont de Nemours by 30.9% in the fourth quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after acquiring an additional 95,505 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in shares of DuPont de Nemours in the fourth quarter worth $2,000,000. Institutional investors own 73.96% of the company’s stock.

Insider Transactions at DuPont de Nemours

In other news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now directly owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded up $0.16 during trading hours on Wednesday, hitting $73.96. The company’s stock had a trading volume of 1,518,387 shares, compared to its average volume of 3,034,708. The business has a 50 day moving average price of $73.03 and a two-hundred day moving average price of $72.12. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74. The company has a market cap of $30.92 billion, a PE ratio of 79.53, a PEG ratio of 2.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the previous year, the business earned $0.89 earnings per share. The business’s revenue was down 6.6% on a year-over-year basis. Analysts expect that DuPont de Nemours, Inc. will post 3.49 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 2.06%. DuPont de Nemours’s dividend payout ratio (DPR) is 163.44%.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Bank of America lowered DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their price objective for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Citigroup lifted their target price on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $77.90.

About DuPont de Nemours

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.