DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 189,726 shares of the basic materials company’s stock after selling 3,265 shares during the quarter. Nisa Investment Advisors LLC’s holdings in DuPont de Nemours were worth $14,467,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Merit Financial Group LLC grew its position in DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Jennison Associates LLC boosted its position in shares of DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after buying an additional 9,730 shares during the period. Principal Financial Group Inc. boosted its position in shares of DuPont de Nemours by 4.6% during the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after buying an additional 21,435 shares during the period. Oppenheimer & Co. Inc. grew its holdings in 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 worth $3,215,000 after buying an additional 10,012 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at approximately $249,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.7 %

NYSE:DD opened at $78.17 on Friday. The stock has a fifty day simple moving average of $79.11 and a 200 day simple moving average of $81.36. The firm has a market capitalization of $32.67 billion, a price-to-earnings ratio of 41.14, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. 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 (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on DD shares. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Citigroup reduced their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets decreased their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.