Canandaigua National Bank & Trust Co. Sells 499 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Canandaigua National Bank & Trust Co. trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 20,067 shares of the basic materials company’s stock after selling 499 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in DuPont de Nemours were worth $1,530,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. 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. Garden State Investment Advisory Services LLC bought a new position in DuPont de Nemours in the 3rd quarter valued at approximately $203,000. Franklin Resources Inc. boosted its stake in DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after purchasing an additional 570,703 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of DuPont de Nemours by 2.5% in the 3rd quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company’s stock worth $3,256,000 after purchasing an additional 905 shares in the last quarter. Finally, Tidal Investments LLC raised its stake in shares of DuPont de Nemours by 10.7% in the third quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company’s stock worth $2,857,000 after purchasing an additional 3,096 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.5 %

DD stock opened at $75.13 on Tuesday. The business’s 50-day moving average price is $81.09 and its 200-day moving average price is $81.72. The stock has a market cap of $31.40 billion, a P/E ratio of 39.54, a PEG ratio of 1.97 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.38 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.02%. DuPont de Nemours’s payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

DD has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Citigroup reduced their price target 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. Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report 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 report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.25.

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.