Addenda Capital Inc. Has $6.92 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Addenda Capital Inc. decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,769 shares of the basic materials company’s stock after selling 258 shares during the quarter. Addenda Capital Inc.’s holdings in DuPont de Nemours were worth $6,921,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth about $27,000. Quarry LP acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth about $37,000. Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours during the 3rd quarter worth 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. Finally, True Wealth Design LLC increased its position in shares of DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 452 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD opened at $77.50 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company has a market capitalization of $32.39 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35. The firm’s fifty day moving average price is $79.41 and its two-hundred day moving average price is $81.41. 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 posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DD. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. BMO Capital Markets reduced their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Citigroup reduced their target price on shares of 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. Finally, Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $98.00.

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.