Appleton Partners Inc. MA Acquires New Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Appleton Partners Inc. MA bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,826 shares of the basic materials company’s stock, valued at approximately $2,045,000.

Several other institutional investors and hedge funds also recently modified their holdings of DD. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours in the 4th quarter valued at about $26,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $33,000. R Squared Ltd purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $37,000. Ashton Thomas Securities LLC acquired a new stake in DuPont de Nemours during the third quarter worth approximately $38,000. Finally, FSA Wealth Management LLC purchased a new stake in DuPont de Nemours in the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD stock opened at $75.76 on Friday. The stock has a 50-day simple moving average of $77.72 and a 200-day simple moving average of $81.08. The firm has a market cap of $31.66 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34. 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 1 year low of $65.93 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data 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 company had revenue of $3.19 billion for 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 quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 earnings per share. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on DD shares. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. BMO Capital Markets decreased their price target 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. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently 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.