Moody National Bank Trust Division Reduces Stake in DuPont de Nemours, Inc. (NYSE:DD)

Moody National Bank Trust Division reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,115 shares of the basic materials company’s stock after selling 1,494 shares during the period. Moody National Bank Trust Division’s holdings in DuPont de Nemours were worth $1,458,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DD. Jennison Associates LLC boosted its holdings in shares of DuPont de Nemours by 2.0% in the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after acquiring an additional 9,730 shares during the period. Appian Way Asset Management LP purchased a new position in DuPont de Nemours during the 2nd quarter worth $2,978,000. Principal Financial Group Inc. increased its stake in DuPont de Nemours by 4.6% in the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after purchasing an additional 21,435 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of DuPont de Nemours by 38.4% in the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after buying an additional 10,012 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of DuPont de Nemours by 17.6% during the third quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock worth $6,573,000 after buying an additional 11,019 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 2.4 %

Shares of DD opened at $74.42 on Tuesday. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $31.10 billion, a P/E ratio of 39.17, a PEG ratio of 1.95 and a beta of 1.35. The firm’s 50-day moving average is $80.23 and its two-hundred day moving average is $81.51.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. On average, research analysts predict that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.04%. DuPont de Nemours’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

DD has been the subject of several analyst reports. Citigroup reduced their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Wells Fargo & Company upped their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Morgan Stanley lifted 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.25.

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.