abrdn plc Buys 2,520 Shares of DuPont de Nemours, Inc. (NYSE:DD)

abrdn plc lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 452,502 shares of the basic materials company’s stock after acquiring an additional 2,520 shares during the period. abrdn plc’s holdings in DuPont de Nemours were worth $34,374,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth $37,000. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours in the third quarter worth $38,000. FSA Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the third quarter worth $39,000. True Wealth Design LLC raised its position in shares of DuPont de Nemours by 2,378.9% in the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after buying an additional 452 shares in the last quarter. Finally, Albion Financial Group UT raised its position in shares of DuPont de Nemours by 119.3% in the fourth quarter. Albion Financial Group UT now owns 590 shares of the basic materials company’s stock worth $45,000 after buying an additional 321 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Up 0.2 %

NYSE DD opened at $77.15 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The stock has a market capitalization of $32.24 billion, a PE ratio of 40.60, a PEG ratio of 1.68 and a beta of 1.34. DuPont de Nemours, Inc. has a 1 year low of $63.62 and a 1 year high of $90.06. The business’s 50-day moving average is $78.01 and its 200 day moving average is $81.13.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The company 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%. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DD. Citigroup lowered their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, BMO Capital Markets lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours 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.