Busey Bank Boosts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Busey Bank raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,243 shares of the basic materials company’s stock after buying an additional 145 shares during the period. Busey Bank’s holdings in DuPont de Nemours were worth $289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its position in DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after buying an additional 25,857 shares during the period. Mondrian Investment Partners LTD lifted its position in shares of DuPont de Nemours by 9.5% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after purchasing an additional 156,339 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after purchasing an additional 391,400 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after purchasing an additional 1,139,156 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its position in shares of DuPont de Nemours by 95.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after purchasing an additional 567,732 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 1.1 %

NYSE DD opened at $83.30 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The firm has a market cap of $34.83 billion, a PE ratio of 101.59, a P/E/G ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The firm’s fifty day moving average is $83.85 and its two-hundred day moving average is $80.57.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. DuPont de Nemours’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. Analysts expect that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DD shares. Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $88.00 to $84.00 in a research report on Monday, October 7th. Morgan Stanley lifted their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Citigroup cut their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $94.83.

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.