DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,711 shares of the basic materials company’s stock after selling 248 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in DuPont de Nemours were worth $687,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Palisade Asset Management LLC acquired a new position in DuPont de Nemours in the first quarter valued at approximately $25,000. ESL Trust Services LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at $27,000. Denver PWM LLC acquired a new stake in DuPont de Nemours during the 2nd quarter worth $28,000. Finally, Fortitude Family Office LLC raised its stake in DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DD shares. Morgan Stanley raised their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Citigroup cut their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft increased their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $94.83.

DuPont de Nemours Stock Performance

DD traded down $0.13 during trading on Friday, hitting $84.10. The stock had a trading volume of 50,946 shares, compared to its average volume of 2,499,107. The firm has a market capitalization of $35.16 billion, a P/E ratio of 102.70, a PEG ratio of 2.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company’s 50-day moving average price is $83.79 and its 200 day moving average price is $80.52.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

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.