DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Montecito Bank & Trust

Montecito Bank & Trust grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 25.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,151 shares of the basic materials company’s stock after buying an additional 840 shares during the quarter. Montecito Bank & Trust’s holdings in DuPont de Nemours were worth $317,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DD. Evergreen Capital Management LLC lifted its holdings in DuPont de Nemours by 7.7% in the second quarter. Evergreen Capital Management LLC now owns 4,127 shares of the basic materials company’s stock valued at $332,000 after acquiring an additional 296 shares during the period. Marshall Wace LLP lifted its stake in shares of DuPont de Nemours by 17.0% in the 2nd quarter. Marshall Wace LLP now owns 112,356 shares of the basic materials company’s stock valued at $9,044,000 after purchasing an additional 16,288 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in DuPont de Nemours by 56.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 80,086 shares of the basic materials company’s stock worth $6,446,000 after buying an additional 28,741 shares in the last quarter. AXA S.A. boosted its holdings in DuPont de Nemours by 643.4% during the second quarter. AXA S.A. now owns 160,602 shares of the basic materials company’s stock worth $12,927,000 after buying an additional 138,998 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in DuPont de Nemours by 296.9% in the second quarter. AQR Capital Management LLC now owns 254,423 shares of the basic materials company’s stock valued at $20,369,000 after buying an additional 190,327 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DD shares. Barclays increased their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Citigroup dropped their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. 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 research note on Friday, January 17th. Wells Fargo & Company lifted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $77.28 on Friday. The firm has a 50-day simple moving average of $79.02 and a 200-day simple moving average of $81.34. 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 stock has a market capitalization of $32.30 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 1.70 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.

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 analysts’ consensus estimates 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict 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.