PNC Financial Services Group Inc. Sells 21,863 Shares of DuPont de Nemours, Inc. (NYSE:DD)

PNC Financial Services Group Inc. lessened its position in DuPont de Nemours, Inc. (NYSE:DD) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 835,694 shares of the basic materials company’s stock after selling 21,863 shares during the quarter. PNC Financial Services Group Inc. owned 0.20% of DuPont de Nemours worth $74,469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its stake in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in shares of DuPont de Nemours by 3.3% during the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after buying an additional 132 shares during the last quarter. Moody National Bank Trust Division grew its stake in shares of DuPont de Nemours by 0.6% during the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock valued at $1,731,000 after buying an additional 134 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of DuPont de Nemours by 3.7% during the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after buying an additional 137 shares during the last quarter. Finally, Focus Financial Network Inc. grew its stake in shares of DuPont de Nemours by 3.7% during the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after buying an additional 143 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.6 %

Shares of DuPont de Nemours stock opened at $81.38 on Wednesday. The company’s fifty day simple moving average is $84.51 and its 200-day simple moving average is $81.68. The stock has a market capitalization of $34.01 billion, a PE ratio of 42.83, a P/E/G ratio of 1.96 and a beta of 1.35. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company earned $0.92 EPS. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DD. Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. 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. Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Two 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

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.