Fifth Third Wealth Advisors LLC Sells 885 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Fifth Third Wealth Advisors LLC lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 9.5% in the fourth quarter, Holdings Channel reports. The firm owned 8,480 shares of the basic materials company’s stock after selling 885 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL purchased a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $27,000. Quarry LP bought a new stake in shares of DuPont de Nemours in the second quarter valued at $37,000. Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours in the third quarter valued at $38,000. FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter worth $39,000. Finally, True Wealth Design LLC increased its holdings in DuPont de Nemours by 2,378.9% in the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 452 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 0.5 %

Shares of DD stock opened at $76.64 on Friday. The company has a market capitalization of $32.03 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The business’s fifty day moving average is $79.86 and its 200 day moving average is $81.44. 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 quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the company posted $0.92 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets reduced their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, Wells Fargo & Company lifted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $98.64.

DuPont de Nemours Company 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.