OLD National Bancorp IN Sells 25,367 Shares of DuPont de Nemours, Inc. (NYSE:DD)

OLD National Bancorp IN lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 47.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,790 shares of the basic materials company’s stock after selling 25,367 shares during the quarter. OLD National Bancorp IN’s holdings in DuPont de Nemours were worth $2,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Creative Planning boosted its holdings in DuPont de Nemours by 10.8% during the 2nd quarter. Creative Planning now owns 104,166 shares of the basic materials company’s stock valued at $8,384,000 after acquiring an additional 10,166 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of DuPont de Nemours by 25.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 81,229 shares of the basic materials company’s stock valued at $6,538,000 after purchasing an additional 16,669 shares during the period. NewEdge Advisors LLC boosted its stake in shares of DuPont de Nemours by 5.5% in the second quarter. NewEdge Advisors LLC now owns 27,002 shares of the basic materials company’s stock worth $2,173,000 after buying an additional 1,402 shares during the last quarter. Quarry LP purchased a new stake in shares of DuPont de Nemours in the second quarter worth about $37,000. Finally, EP Wealth Advisors LLC boosted its position in DuPont de Nemours by 11.0% during the second quarter. EP Wealth Advisors LLC now owns 9,157 shares of the basic materials company’s stock worth $737,000 after purchasing an additional 906 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the subject of a number of research analyst reports. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. Citigroup cut their target price on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Stock Up 0.1 %

Shares of NYSE DD opened at $76.59 on Friday. The business has a 50-day moving average of $78.58 and a two-hundred day moving average of $81.25. 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, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a market capitalization of $32.01 billion, a price-to-earnings ratio of 40.31, a price-to-earnings-growth ratio of 1.70 and a beta of 1.35.

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