First PREMIER Bank Sells 333 Shares of DuPont de Nemours, Inc. (NYSE:DD)

First PREMIER Bank trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,191 shares of the basic materials company’s stock after selling 333 shares during the period. First PREMIER Bank’s holdings in DuPont de Nemours were worth $245,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DD. Vanguard Group Inc. raised its holdings in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after purchasing an additional 3,168,740 shares in the last quarter. Norges Bank purchased a new position in DuPont de Nemours during the 4th quarter valued at about $111,980,000. Great Lakes Advisors LLC boosted its stake in DuPont de Nemours by 156.6% during the fourth quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock worth $56,772,000 after acquiring an additional 450,422 shares in the last quarter. Nuance Investments LLC purchased a new stake in DuPont de Nemours in the fourth quarter worth about $24,785,000. Finally, International Assets Investment Management LLC increased its stake in shares of DuPont de Nemours by 9,558.5% during the fourth quarter. International Assets Investment Management LLC now owns 285,118 shares of the basic materials company’s stock valued at $21,934,000 after purchasing an additional 282,166 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on DD shares. UBS Group upped their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $103.00 in a report on Friday, May 24th. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They issued a “peer perform” rating on the stock. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Finally, Barclays raised their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.09.

DuPont de Nemours Trading Up 1.6 %

DuPont de Nemours stock opened at $81.08 on Tuesday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $82.63. The firm has a market capitalization of $33.90 billion, a price-to-earnings ratio of 98.88, a P/E/G ratio of 2.49 and a beta of 1.36. The firm has a 50 day moving average of $78.39 and a 200 day moving average of $74.38. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. As a group, research analysts predict that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, May 31st. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the sale, the insider now owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other DuPont de Nemours news, insider Leland Weaver sold 18,500 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares of the company’s stock, valued at approximately $1,918,918.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

About DuPont de Nemours

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.