DuPont de Nemours, Inc. (NYSE:DD) Stake Lowered by RNC Capital Management LLC

RNC Capital Management LLC reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,602 shares of the basic materials company’s stock after selling 889 shares during the period. RNC Capital Management LLC’s holdings in DuPont de Nemours were worth $5,688,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DD. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at $26,000. R Squared Ltd acquired a new position in DuPont de Nemours during the 4th quarter worth $37,000. Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the 3rd quarter worth $38,000. FSA Wealth Management LLC acquired a new position in DuPont de Nemours during the 3rd quarter worth $39,000. Finally, True Wealth Design LLC lifted its position in DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 452 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DD. Royal Bank of Canada upped 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. Barclays upped their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Wolfe Research raised 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 report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Citigroup lowered their target price on shares of 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

DuPont de Nemours Trading Up 0.4 %

DD opened at $77.44 on Friday. The firm has a market cap of $32.36 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34. DuPont de Nemours, Inc. has a twelve month low of $65.74 and a twelve month high of $90.06. The firm’s fifty day moving average is $77.88 and its two-hundred day moving average is $81.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

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.