Trust Co. of Vermont Sells 2,675 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Trust Co. of Vermont reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,982 shares of the basic materials company’s stock after selling 2,675 shares during the period. Trust Co. of Vermont’s holdings in DuPont de Nemours were worth $1,602,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DD. Legal & General Group Plc increased its holdings in shares of DuPont de Nemours by 0.7% in the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after purchasing an additional 25,857 shares during the last quarter. Mondrian Investment Partners LTD increased its stake in DuPont de Nemours by 9.5% in 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 acquiring an additional 156,339 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings 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 acquiring an additional 391,400 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted 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 valued at $109,001,000 after acquiring an additional 1,139,156 shares during the last quarter. Finally, Ceredex Value Advisors LLC grew its holdings in shares of DuPont de Nemours by 95.0% in the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after purchasing an additional 567,732 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DD stock opened at $85.09 on Friday. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The firm has a market cap of $35.58 billion, a price-to-earnings ratio of 103.77, a PEG ratio of 2.26 and a beta of 1.34. The business’s fifty day simple moving average is $83.34 and its two-hundred day simple moving average is $80.29. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. Analysts predict that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analysts Set New Price Targets

DD has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup lowered their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada raised their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.91.

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.