Wilbanks Smith & Thomas Asset Management LLC Has $282,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Wilbanks Smith & Thomas Asset Management LLC reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,663 shares of the basic materials company’s stock after selling 546 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in DuPont de Nemours were worth $282,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DD. Invesco Ltd. increased its position in DuPont de Nemours by 6.7% in the 3rd quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock valued at $754,838,000 after acquiring an additional 639,246 shares in the last quarter. International Assets Investment Management LLC raised its position in DuPont de Nemours by 9,558.5% in the 4th quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock worth $21,934,000 after purchasing an additional 282,166 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in DuPont de Nemours by 210.3% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 350,840 shares of the basic materials company’s stock worth $26,169,000 after buying an additional 237,770 shares in the last quarter. Payden & Rygel Investment Group bought a new position in DuPont de Nemours in the 3rd quarter valued at $15,104,000. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter valued at $11,213,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Down 0.1 %

NYSE:DD opened at $77.71 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $79.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.73. The stock has a market capitalization of $32.49 billion, a PE ratio of 94.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.39. The business’s 50-day simple moving average is $73.93 and its 200-day simple moving average is $72.12.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.65 by $0.14. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.59 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s payout ratio is presently 185.37%.

Analysts Set New Price Targets

DD has been the topic of several research reports. Wolfe Research assumed coverage on DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Bank of America cut shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, January 16th. Mizuho upped their target price on shares of DuPont de Nemours from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Citigroup raised their price target on DuPont de Nemours from $73.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $80.00.

Insider Buying and Selling

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

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.