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

Hilltop National Bank boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 6.1% in the fourth quarter, according to its most recent 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 period. Hilltop National Bank’s holdings in DuPont de Nemours were worth $1,319,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after purchasing an additional 9,730 shares in the last quarter. Appian Way Asset Management LP bought a new position in shares of DuPont de Nemours in the second quarter valued at $2,978,000. Principal Financial Group Inc. grew its holdings in shares of DuPont de Nemours by 4.6% during 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 buying an additional 21,435 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of DuPont de Nemours by 38.4% during 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 raised its holdings in shares of DuPont de Nemours by 17.6% in the 3rd quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock worth $6,573,000 after acquiring an additional 11,019 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on DD. Royal Bank of Canada raised their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays boosted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Citigroup decreased their price objective on shares of 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. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $95.25.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded down $1.56 on Friday, hitting $72.89. 563,236 shares of the company’s stock were exchanged, compared to its average volume of 2,151,722. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a market capitalization of $30.46 billion, a PE ratio of 38.36, a PEG ratio of 1.97 and a beta of 1.35. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a 50-day simple moving average of $80.58 and a 200-day simple moving average of $81.59.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $3.20 billion. During the same period last year, the firm earned $0.92 EPS. The company’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given 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 dividend yield of 2.09%. 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.