DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Horizon Bancorp Inc. IN

Horizon Bancorp Inc. IN reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 9.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,420 shares of the basic materials company’s stock after selling 458 shares during the period. Horizon Bancorp Inc. IN’s holdings in DuPont de Nemours were worth $337,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the second quarter valued at approximately $27,000. Quarry LP bought a new position in DuPont de Nemours during the second quarter worth $37,000. Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours in the third quarter worth $38,000. FSA Wealth Management LLC bought a new stake in DuPont de Nemours during the third quarter valued at $39,000. Finally, True Wealth Design LLC raised its holdings in shares of DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 452 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley boosted 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 research note on Monday, October 21st. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Citigroup decreased their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.25.

DuPont de Nemours Trading Up 2.4 %

NYSE:DD opened at $74.42 on Tuesday. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm has a market cap of $31.10 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 1.95 and a beta of 1.35. The company’s 50 day moving average is $80.23 and its 200-day moving average is $81.51.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. DuPont de Nemours’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 80.00%.

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.