CoreFirst Bank & Trust Invests $80,000 in DuPont de Nemours, Inc. (NYSE:DD)

CoreFirst Bank & Trust bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,050 shares of the basic materials company’s stock, valued at approximately $80,000.

Several other hedge funds also recently bought and sold shares of DD. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours during the fourth quarter worth $29,000. Vision Financial Markets LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at $31,000. Golden State Wealth Management LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at $33,000. Finally, FSA Wealth Management LLC purchased a new stake in DuPont de Nemours in the 3rd quarter worth $39,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.8 %

NYSE DD opened at $76.46 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06. The firm has a market capitalization of $31.96 billion, a price-to-earnings ratio of 45.78, a PEG ratio of 2.15 and a beta of 1.29. The company has a fifty day moving average of $78.53 and a two-hundred day moving average of $80.84.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.14%. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DD shares. Royal Bank of Canada cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a report on Friday, January 17th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Citigroup raised their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.