Hilltop National Bank Acquires 996 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Hilltop National Bank boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,303 shares of the basic materials company’s stock after buying an additional 996 shares during the quarter. Hilltop National Bank’s holdings in DuPont de Nemours were worth $1,319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after acquiring an additional 399,728 shares in the last quarter. Geode Capital Management LLC raised its holdings in DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after purchasing an additional 100,198 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after buying an additional 570,703 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after buying an additional 25,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of DuPont de Nemours by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after buying an additional 39,189 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DD. Morgan Stanley increased their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays upped their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Citigroup cut their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Stock Performance

DD traded down $1.56 during trading on Friday, hitting $72.89. The stock had a trading volume of 563,236 shares, compared to its average volume of 2,151,722. 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 $80.58 and its 200 day moving average price is $81.59. The firm has a market capitalization of $30.46 billion, a P/E ratio of 38.36, a PEG ratio of 1.97 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating 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 firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.