Fifth Third Bancorp Sells 5,714 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Fifth Third Bancorp lowered its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,705 shares of the basic materials company’s stock after selling 5,714 shares during the quarter. Fifth Third Bancorp’s holdings in DuPont de Nemours were worth $4,400,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Merit Financial Group LLC raised its stake in DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after buying an additional 4,939 shares in the last quarter. Jennison Associates LLC raised its position in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after acquiring an additional 9,730 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after purchasing an additional 21,435 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in DuPont de Nemours by 38.4% during the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after purchasing an additional 10,012 shares in the last quarter. Finally, Fiduciary Alliance LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at about $249,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DD. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets cut their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Morgan Stanley increased their price objective 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. Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $77.28 on Monday. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The business’s 50 day moving average price is $79.02 and its 200 day moving average price is $81.37. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm has a market cap of $32.30 billion, a P/E ratio of 40.67, a P/E/G ratio of 1.70 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

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.