Wesbanco Bank Inc. Sells 449 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Wesbanco Bank Inc. lessened its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,918 shares of the basic materials company’s stock after selling 449 shares during the quarter. Wesbanco Bank Inc.’s holdings in DuPont de Nemours were worth $3,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. ProShare Advisors LLC raised its stake in shares of DuPont de Nemours by 6.5% in the second quarter. ProShare Advisors LLC now owns 70,318 shares of the basic materials company’s stock worth $5,660,000 after purchasing an additional 4,321 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of DuPont de Nemours in the second quarter worth $257,000. EverSource Wealth Advisors LLC grew its holdings in shares of DuPont de Nemours by 258.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,137 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 1,540 shares during the period. Evergreen Capital Management LLC grew its holdings in shares of DuPont de Nemours by 7.7% in the second quarter. Evergreen Capital Management LLC now owns 4,127 shares of the basic materials company’s stock worth $332,000 after acquiring an additional 296 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of DuPont de Nemours by 30.1% in the second quarter. Bank of Montreal Can now owns 946,457 shares of the basic materials company’s stock worth $76,237,000 after acquiring an additional 219,223 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley boosted their price objective on 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. BMO Capital Markets lowered their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Citigroup lowered their price objective 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

DuPont de Nemours Stock Down 1.1 %

Shares of NYSE DD opened at $77.60 on Thursday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $32.43 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. The stock’s fifty day simple moving average is $79.21 and its two-hundred day simple moving average is $81.38. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

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.