Brookmont Capital Management Sells 621 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Brookmont Capital Management trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,128 shares of the basic materials company’s stock after selling 621 shares during the period. DuPont de Nemours accounts for 2.0% of Brookmont Capital Management’s portfolio, making the stock its 15th largest holding. Brookmont Capital Management’s holdings in DuPont de Nemours were worth $3,746,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in DuPont de Nemours by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock valued at $7,733,000 after buying an additional 20,266 shares in the last quarter. Intech Investment Management LLC grew its stake in DuPont de Nemours by 47.7% during the second quarter. Intech Investment Management LLC now owns 31,693 shares of the basic materials company’s stock valued at $2,551,000 after acquiring an additional 10,232 shares in the last quarter. Brighton Jones LLC increased its holdings in DuPont de Nemours by 7.6% in the 2nd quarter. Brighton Jones LLC now owns 4,381 shares of the basic materials company’s stock valued at $353,000 after acquiring an additional 309 shares during the last quarter. Sei Investments Co. lifted its stake in DuPont de Nemours by 11.3% in the 2nd quarter. Sei Investments Co. now owns 370,915 shares of the basic materials company’s stock worth $29,852,000 after purchasing an additional 37,618 shares in the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of DuPont de Nemours by 6.5% during the 2nd quarter. ProShare Advisors LLC now owns 70,318 shares of the basic materials company’s stock valued at $5,660,000 after purchasing an additional 4,321 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD stock opened at $77.50 on Tuesday. The stock has a 50 day moving average price of $79.41 and a 200 day moving average price of $81.41. The firm has a market capitalization of $32.39 billion, a P/E ratio of 40.79, a P/E/G ratio of 1.69 and a beta of 1.35. 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, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of research analyst reports. Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley upped their price objective 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. BMO Capital Markets cut their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.