ZWJ Investment Counsel Inc. Cuts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

ZWJ Investment Counsel Inc. trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,498 shares of the basic materials company’s stock after selling 292 shares during the period. ZWJ Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $572,000 as of its most recent SEC filing.

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

DuPont de Nemours Stock Performance

Shares of NYSE 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 cap of $32.39 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35. The company has a 50-day simple moving average of $79.41 and a 200-day simple moving average of $81.41. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06.

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

Analysts Set New Price Targets

DD has been the subject of several research analyst reports. Citigroup cut their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a report on Friday. Morgan Stanley boosted their price objective on shares of 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 dropped 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. Finally, Barclays upped their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.