Shelton Wealth Management LLC Purchases 2,996 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Shelton Wealth Management LLC raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 49.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,029 shares of the basic materials company’s stock after purchasing an additional 2,996 shares during the period. Shelton Wealth Management LLC’s holdings in DuPont de Nemours were worth $688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC boosted its position in DuPont de Nemours by 2.0% during the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after acquiring an additional 9,730 shares in the last quarter. Appian Way Asset Management LP purchased a new position in DuPont de Nemours during the 2nd quarter worth $2,978,000. Principal Financial Group Inc. boosted its holdings in DuPont de Nemours by 4.6% in the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 21,435 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after purchasing an additional 10,012 shares during the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in DuPont de Nemours in the 4th quarter worth approximately $249,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DD shares. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday. BMO Capital Markets lowered their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday. Barclays lifted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

DuPont de Nemours Trading Up 1.1 %

DD opened at $77.50 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The stock has a market capitalization of $32.39 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35. The business has a fifty day moving average price of $79.53 and a 200 day moving average price of $81.39. 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 quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the business earned $0.92 EPS. The company’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share 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.