Sanibel Captiva Trust Company Inc. Cuts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Sanibel Captiva Trust Company Inc. lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 14.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,068 shares of the basic materials company’s stock after selling 3,108 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in DuPont de Nemours were worth $1,378,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in shares of DuPont de Nemours by 26.7% in the second quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock worth $7,733,000 after buying an additional 20,266 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in DuPont de Nemours by 4.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 56,662 shares of the basic materials company’s stock valued at $4,553,000 after acquiring an additional 2,276 shares in the last quarter. Intech Investment Management LLC boosted its stake in DuPont de Nemours by 47.7% during the 2nd quarter. Intech Investment Management LLC now owns 31,693 shares of the basic materials company’s stock valued at $2,551,000 after purchasing an additional 10,232 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of DuPont de Nemours by 7.6% in the 2nd quarter. Brighton Jones LLC now owns 4,381 shares of the basic materials company’s stock worth $353,000 after purchasing an additional 309 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of DuPont de Nemours by 11.3% in the second quarter. Sei Investments Co. now owns 370,915 shares of the basic materials company’s stock worth $29,852,000 after purchasing an additional 37,618 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.1 %

DD stock opened at $77.50 on Friday. The business’s 50-day moving average price is $79.53 and its 200-day moving average price is $81.41. The stock has a market cap of $32.39 billion, a P/E ratio of 40.79, a PEG ratio of 1.53 and a beta of 1.35. 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 twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent analyst reports. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley raised their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Citigroup dropped their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

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.