Gladstone Institutional Advisory LLC Increases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Gladstone Institutional Advisory LLC increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 168.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,767 shares of the basic materials company’s stock after purchasing an additional 23,677 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in DuPont de Nemours were worth $2,880,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in shares of DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Zacks Investment Management purchased a new position in DuPont de Nemours during the third quarter valued at approximately $42,810,000. Two Sigma Advisers LP raised its stake in DuPont de Nemours by 48.3% in the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after buying an additional 461,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in DuPont de Nemours by 164.9% during the third quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock worth $63,983,000 after buying an additional 446,948 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DD. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research report on Friday, January 17th. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday. Citigroup lowered their price target on shares of DuPont de Nemours from $92.00 to $88.00 in a report on Monday. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given 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 target price of $97.25.

DuPont de Nemours Stock Performance

DD opened at $81.78 on Thursday. The firm has a 50 day moving average of $77.53 and a two-hundred day moving average of $81.09. The firm has a market capitalization of $34.18 billion, a PE ratio of 43.04, a P/E/G ratio of 1.70 and a beta of 1.34. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12-month low of $66.10 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. On average, 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.