DuPont de Nemours, Inc. (NYSE:DD) Stock Position Trimmed by Grimes & Company Inc.

Grimes & Company Inc. decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,961 shares of the basic materials company’s stock after selling 172 shares during the period. Grimes & Company Inc.’s holdings in DuPont de Nemours were worth $226,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Merit Financial Group LLC increased its position in shares of DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after purchasing an additional 4,939 shares during the period. Jennison Associates LLC raised its position in DuPont de Nemours by 2.0% in the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after acquiring an additional 9,730 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after acquiring an additional 21,435 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock worth $3,215,000 after purchasing an additional 10,012 shares during the last quarter. Finally, Fiduciary Alliance LLC bought a new stake in DuPont de Nemours during the fourth quarter worth approximately $249,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. BMO Capital Markets lowered their target price on 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 cut their price objective on shares of 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. Finally, Royal Bank of Canada increased their price target 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. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $77.28 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $79.02 and a 200 day moving average price of $81.37. The company has a market cap of $32.30 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 1.70 and a beta of 1.35. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the company posted $0.92 earnings per share. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

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.