Mather Group LLC. Sells 6,123 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Mather Group LLC. trimmed its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 53.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,300 shares of the basic materials company’s stock after selling 6,123 shares during the period. Mather Group LLC.’s holdings in DuPont de Nemours were worth $472,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DD. Mediolanum International Funds Ltd bought a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $2,842,000. Red Mountain Financial LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at $980,000. Beacon Financial Group bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at $2,310,000. Sequoia Financial Advisors LLC grew its position in shares of DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after buying an additional 28,553 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in DuPont de Nemours by 9.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock valued at $42,953,000 after acquiring an additional 53,694 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DD shares. Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $88.00 to $84.00 in a research note on Monday. Citigroup reduced their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.91.

DuPont de Nemours Stock Up 0.8 %

Shares of DuPont de Nemours stock opened at $86.31 on Friday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The firm’s 50 day moving average price is $82.45 and its 200-day moving average price is $79.91. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The company has a market cap of $36.09 billion, a P/E ratio of 105.26, a PEG ratio of 2.23 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.85 earnings per share. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS 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.