Murphy Middleton Hinkle & Parker Inc. Has $390,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Murphy Middleton Hinkle & Parker Inc. lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,116 shares of the basic materials company’s stock after selling 759 shares during the quarter. Murphy Middleton Hinkle & Parker Inc.’s holdings in DuPont de Nemours were worth $390,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the second quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $38,000. FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours in the third quarter valued at $39,000. Quarry LP acquired a new position in DuPont de Nemours during the second quarter worth $37,000. Finally, True Wealth Design LLC raised its position in DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 452 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.1 %

DD opened at $77.50 on Friday. The stock has a fifty day moving average of $79.53 and a 200-day moving average of $81.41. The company has a market capitalization of $32.39 billion, a P/E ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada boosted 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 note on Thursday, November 7th. 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 research note on Wednesday, December 18th. Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley boosted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Wells Fargo & Company raised their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $98.00.

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.