CIBC Asset Management Inc Purchases 2,821 Shares of DuPont de Nemours, Inc. (NYSE:DD)

CIBC Asset Management Inc grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,039 shares of the basic materials company’s stock after purchasing an additional 2,821 shares during the quarter. CIBC Asset Management Inc’s holdings in DuPont de Nemours were worth $5,035,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at $29,000. Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at $38,000. Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at $33,000. Finally, FSA Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at $39,000. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DD. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday. 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 cut their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, BMO Capital Markets increased their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $98.75.

DuPont de Nemours Stock Down 2.2 %

DuPont de Nemours stock opened at $82.49 on Thursday. DuPont de Nemours, Inc. has a 1-year low of $67.70 and a 1-year high of $90.06. The firm has a market capitalization of $34.48 billion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 2.16 and a beta of 1.34. The firm’s fifty day moving average price is $77.64 and its two-hundred day moving average price is $81.16. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours 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.