Pacer Advisors Inc. Cuts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Pacer Advisors Inc. reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,947 shares of the basic materials company’s stock after selling 8,017 shares during the quarter. Pacer Advisors Inc.’s holdings in DuPont de Nemours were worth $2,817,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DD. Fortitude Family Office LLC increased its holdings in DuPont de Nemours by 32.0% during the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after buying an additional 132 shares during the period. Global Trust Asset Management LLC boosted its position in DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after acquiring an additional 133 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 137 shares during the period. Focus Financial Network Inc. raised its position in shares of DuPont de Nemours by 3.7% in the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 143 shares in the last quarter. Finally, Busey Bank lifted its stake in shares of DuPont de Nemours by 4.7% during the 3rd quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 145 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on DD. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley increased 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 report on Monday, October 21st. JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Citigroup reduced their price target on 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, Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

DuPont de Nemours Trading Up 0.2 %

Shares of NYSE:DD opened at $76.81 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The stock has a market cap of $32.10 billion, a price-to-earnings ratio of 40.43, a PEG ratio of 1.67 and a beta of 1.35. The business has a 50-day moving average price of $78.45 and a 200-day moving average price of $81.22.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. Equities analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS 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.