DuPont de Nemours, Inc. (NYSE:DD) Position Lessened by Perpetual Ltd

Perpetual Ltd reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,817 shares of the basic materials company’s stock after selling 131 shares during the quarter. Perpetual Ltd’s holdings in DuPont de Nemours were worth $444,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its holdings in shares of DuPont de Nemours by 6.5% in the 2nd quarter. ProShare Advisors LLC now owns 70,318 shares of the basic materials company’s stock worth $5,660,000 after acquiring an additional 4,321 shares during the period. Frank Rimerman Advisors LLC bought a new position in DuPont de Nemours in the 2nd quarter worth about $257,000. EverSource Wealth Advisors LLC increased its stake in shares of DuPont de Nemours by 258.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,137 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 1,540 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of DuPont de Nemours by 7.7% during the second quarter. Evergreen Capital Management LLC now owns 4,127 shares of the basic materials company’s stock valued at $332,000 after buying an additional 296 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of DuPont de Nemours by 30.1% during the second quarter. Bank of Montreal Can now owns 946,457 shares of the basic materials company’s stock valued at $76,237,000 after buying an additional 219,223 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price 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. Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. BMO Capital Markets dropped 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 research report on Thursday, January 16th. Finally, Citigroup decreased their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

DuPont de Nemours Trading Down 1.1 %

DuPont de Nemours stock opened at $77.60 on Thursday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The firm’s 50 day moving average price is $79.21 and its two-hundred day moving average price is $81.38. The firm has a market cap of $32.43 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 1.69 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

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