First Hawaiian Bank Has $1.45 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Posted by Defense World Staff on Mar 22nd, 2023

First Hawaiian Bank grew its stake in DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,168 shares of the basic materials company’s stock after buying an additional 1,978 shares during the quarter. First Hawaiian Bank’s holdings in DuPont de Nemours were worth $1,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DD. Riverwater Partners LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter worth $323,000. Bremer Bank National Association lifted its position in shares of DuPont de Nemours by 579.5% in the fourth quarter. Bremer Bank National Association now owns 51,947 shares of the basic materials company’s stock worth $3,565,000 after purchasing an additional 44,302 shares in the last quarter. Enterprise Bank & Trust Co lifted its position in shares of DuPont de Nemours by 2.0% in the fourth quarter. Enterprise Bank & Trust Co now owns 9,989 shares of the basic materials company’s stock worth $686,000 after purchasing an additional 199 shares in the last quarter. Accurate Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter worth $81,000. Finally, MADDEN SECURITIES Corp bought a new stake in shares of DuPont de Nemours in the fourth quarter worth $95,000. Institutional investors and hedge funds own 71.91% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $69.67 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.02 and a quick ratio of 2.40. The company’s 50-day moving average is $73.36 and its 200-day moving average is $66.18. DuPont de Nemours, Inc. has a fifty-two week low of $49.52 and a fifty-two week high of $78.98. The firm has a market capitalization of $31.93 billion, a PE ratio of 5.84, a PEG ratio of 2.04 and a beta of 1.42.

DuPont de Nemours (NYSE:DD – Get Rating) last released its quarterly earnings results on Tuesday, February 7th. The basic materials company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.79 by $0.10. DuPont de Nemours had a net margin of 44.54% and a return on equity of 6.45%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the company posted $1.08 earnings per share. DuPont de Nemours’s revenue was down 27.9% compared to the same quarter last year. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.75 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were paid a $0.36 dividend. The ex-dividend date was Monday, February 27th. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. DuPont de Nemours’s dividend payout ratio is 12.08%.

Analysts Set New Price Targets

DD has been the topic of several analyst reports. Mizuho upped their price target on shares of DuPont de Nemours from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft upped their price target on shares of DuPont de Nemours from $80.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, February 9th. StockNews.com initiated coverage on shares of DuPont de Nemours in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Morgan Stanley upped their price target on shares of DuPont de Nemours from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Finally, Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.14.

DuPont de Nemours Company Profile

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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Corporate & Others. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.