Wesbanco Bank Inc. Sells 722 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Wesbanco Bank Inc. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,367 shares of the basic materials company’s stock after selling 722 shares during the quarter. Wesbanco Bank Inc.’s holdings in DuPont de Nemours were worth $3,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the first quarter worth $25,000. ESL Trust Services LLC bought a new position in DuPont de Nemours in the 1st quarter worth $26,000. Denver PWM LLC acquired a new position in DuPont de Nemours during the 2nd quarter worth $28,000. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours during the second quarter valued at about $27,000. Finally, Fortitude Family Office LLC grew its position in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 2.4 %

Shares of DD stock opened at $84.73 on Wednesday. The firm has a fifty day moving average of $82.92 and a 200-day moving average of $80.16. The stock has a market cap of $35.43 billion, a price-to-earnings ratio of 103.33, a P/E/G ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 earnings per share. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DD shares. Deutsche Bank Aktiengesellschaft boosted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada increased their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Citigroup lowered their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.91.

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.