DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.0% during the 4th quarter, Holdings Channel reports. The firm owned 5,659 shares of the basic materials company’s stock after selling 237 shares during the quarter. Brooklyn Investment Group’s holdings in DuPont de Nemours were worth $431,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DD. Zurich Insurance Group Ltd FI acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth about $83,540,000. Assenagon Asset Management S.A. lifted its stake in shares of DuPont de Nemours by 431.6% during the fourth 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 buying an additional 859,333 shares during the period. Franklin Resources Inc. boosted its position in 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 worth $556,751,000 after acquiring an additional 570,703 shares during the last quarter. Zacks Investment Management acquired a new stake in DuPont de Nemours during the third quarter worth approximately $42,810,000. Finally, Two Sigma Advisers LP raised its holdings in DuPont de Nemours by 48.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after acquiring an additional 461,400 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 1.1 %

NYSE DD opened at $77.50 on Friday. The stock has a market cap of $32.39 billion, a PE ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35. The business has a 50 day moving average price of $79.53 and a two-hundred day moving average price of $81.39. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week 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 released its quarterly earnings results 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. 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 business’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.92 EPS. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DD has been the topic of several analyst reports. BMO Capital Markets decreased their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays boosted their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $98.00.

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.