Horizon Bancorp Inc. IN Has $337,000 Stake in DuPont de Nemours, Inc. (NYSE:DD)

Horizon Bancorp Inc. IN lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 9.4% in the 4th quarter, according to its most recent 13F 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DD. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours during the second quarter valued at $27,000. Quarry LP acquired a new stake in shares of DuPont de Nemours during the second quarter worth $37,000. Ashton Thomas Securities LLC bought a new position in DuPont de Nemours during the third quarter worth about $38,000. FSA Wealth Management LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $39,000. Finally, True Wealth Design LLC boosted its stake in DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 452 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

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

DuPont de Nemours Price Performance

NYSE:DD opened at $74.42 on Tuesday. 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 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. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The firm’s 50-day simple moving average is $80.23 and its 200 day simple moving average is $81.51.

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

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.38 dividend. 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 payout ratio is 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.