Beacon Financial Group Sells 1,820 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Beacon Financial Group lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 9.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,948 shares of the basic materials company’s stock after selling 1,820 shares during the quarter. Beacon Financial Group’s holdings in DuPont de Nemours were worth $1,369,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt boosted its position in DuPont de Nemours by 389.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,142 shares of the basic materials company’s stock worth $280,000 after purchasing an additional 2,500 shares during the period. Gateway Investment Advisers LLC purchased a new position in DuPont de Nemours in the 3rd quarter valued at approximately $205,000. Ritholtz Wealth Management bought a new stake in DuPont de Nemours during the 3rd quarter valued at $227,000. Exchange Traded Concepts LLC lifted its position in shares of DuPont de Nemours by 793.2% during the third quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock worth $93,000 after acquiring an additional 928 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of DuPont de Nemours by 1.1% in the third quarter. Creative Planning now owns 105,327 shares of the basic materials company’s stock worth $9,386,000 after acquiring an additional 1,161 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD opened at $81.44 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $34.04 billion, a P/E ratio of 42.86, a PEG ratio of 1.70 and a beta of 1.34. The stock has a 50-day moving average price of $77.54 and a 200-day moving average price of $81.08. DuPont de Nemours, Inc. has a 12-month low of $66.10 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. Equities analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on DD shares. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. BMO Capital Markets decreased 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. JPMorgan Chase & Co. cut their price objective on shares of 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. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Finally, Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $97.42.

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.