Essex Savings Bank Has $645,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Essex Savings Bank cut its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,457 shares of the basic materials company’s stock after selling 200 shares during the period. Essex Savings Bank’s holdings in DuPont de Nemours were worth $645,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the 2nd quarter valued at $27,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours in the third quarter valued at about $38,000. FSA Wealth Management LLC acquired a new stake in shares of DuPont de Nemours during the 3rd quarter worth about $39,000. Quarry LP bought a new stake in shares of DuPont de Nemours during the 2nd quarter worth about $37,000. Finally, True Wealth Design LLC grew its stake 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 valued at $42,000 after buying an additional 452 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on DD shares. Citigroup dropped their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley lifted 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 report on Monday, October 21st. Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.33.

DuPont de Nemours Stock Performance

DD stock opened at $76.31 on Thursday. The firm has a market cap of $31.89 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35. 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 50-day moving average price of $80.02 and a 200-day moving average price of $81.47. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

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.