Mcdonald Partners LLC Trims Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Mcdonald Partners LLC lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,803 shares of the basic materials company’s stock after selling 1,093 shares during the quarter. Mcdonald Partners LLC’s holdings in DuPont de Nemours were worth $1,815,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth $29,000. Golden State Wealth Management LLC bought a new stake in DuPont de Nemours during the fourth quarter valued at about $33,000. R Squared Ltd bought a new stake in DuPont de Nemours during the fourth quarter valued at about $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the third quarter valued at about $38,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of a number of analyst reports. Citigroup lifted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley upped their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. BMO Capital Markets boosted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Stock Down 0.9 %

Shares of DD stock opened at $83.31 on Tuesday. DuPont de Nemours, Inc. has a fifty-two week low of $67.70 and a fifty-two week high of $90.06. The firm has a market capitalization of $34.82 billion, a PE ratio of 43.85, a P/E/G ratio of 1.70 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. The stock’s 50-day simple moving average is $77.58 and its 200-day simple moving average is $81.12.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. Equities analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current 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.