787 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 787 shares of the basic materials company’s stock, valued at approximately $60,000.

Other hedge funds have also added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new stake in shares of DuPont de Nemours in the 3rd quarter worth approximately $227,000. Exchange Traded Concepts LLC increased its position in DuPont de Nemours by 793.2% in the third quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock worth $93,000 after buying an additional 928 shares during the last quarter. Creative Planning raised its stake 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 valued at $9,386,000 after buying an additional 1,161 shares during the period. SeaCrest Wealth Management LLC lifted its position in shares of DuPont de Nemours by 7.1% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 9,512 shares of the basic materials company’s stock valued at $848,000 after buying an additional 632 shares during the last quarter. Finally, Sumitomo Life Insurance Co. lifted its position in shares of DuPont de Nemours by 2.8% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 14,109 shares of the basic materials company’s stock valued at $1,257,000 after buying an additional 385 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DD. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $85.00 to $89.00 in a research note on Thursday. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley raised their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. 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, JPMorgan Chase & Co. cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $84.20 on Friday. The stock has a market cap of $35.19 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 1.70 and a beta of 1.34. 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 business has a 50-day simple moving average of $77.58 and a 200 day simple moving average of $81.11. DuPont de Nemours, Inc. has a 52 week low of $66.60 and a 52 week high of $90.06.

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

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.