Hedges Asset Management LLC Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Hedges Asset Management LLC lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,300 shares of the basic materials company’s stock after selling 700 shares during the period. Hedges Asset Management LLC’s holdings in DuPont de Nemours were worth $1,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC grew its stake in 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 in the last quarter. Frank Rimerman Advisors LLC purchased a new position in shares of DuPont de Nemours in the second quarter valued at $257,000. EverSource Wealth Advisors LLC raised its stake in shares of DuPont de Nemours by 258.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,137 shares of the basic materials company’s stock valued at $179,000 after purchasing an additional 1,540 shares during the period. Evergreen Capital Management LLC lifted its holdings in DuPont de Nemours by 7.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,127 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 296 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in DuPont de Nemours by 17.0% in the 2nd quarter. Marshall Wace LLP now owns 112,356 shares of the basic materials company’s stock worth $9,044,000 after purchasing an additional 16,288 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DD shares. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday. Barclays upped their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Citigroup lowered their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $78.17 on Friday. The firm has a market capitalization of $32.67 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 1.71 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. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The business’s 50-day moving average price is $79.11 and its 200-day moving average price is $81.36.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal 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.