Choreo LLC Acquires 8,205 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Choreo LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 23.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,307 shares of the basic materials company’s stock after purchasing an additional 8,205 shares during the quarter. Choreo LLC’s holdings in DuPont de Nemours were worth $3,296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its holdings in shares of DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after buying an additional 859,333 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of DuPont de Nemours in the third quarter worth about $42,810,000. Two Sigma Advisers LP lifted its holdings in shares of DuPont de Nemours by 48.3% in the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after buying an additional 461,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of DuPont de Nemours by 164.9% in the third quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock worth $63,983,000 after buying an additional 446,948 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DD. BMO Capital Markets lowered their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company increased 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. Morgan Stanley raised their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Barclays raised their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Citigroup lowered 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Trading Up 0.4 %

DD stock opened at $77.44 on Friday. 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 one year low of $65.74 and a one year high of $90.06. The company has a market capitalization of $32.36 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34. The company’s 50 day moving average price is $77.88 and its two-hundred day moving average price is $81.11.

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, 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 firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share 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.