Ballentine Partners LLC Sells 10,047 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ballentine Partners LLC reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,796 shares of the basic materials company’s stock after selling 10,047 shares during the quarter. Ballentine Partners LLC’s holdings in DuPont de Nemours were worth $2,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours during the second quarter valued at $27,000. Quarry LP bought a new position in shares of DuPont de Nemours during the second quarter valued at $37,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours in the third quarter valued at about $38,000. FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours in the third quarter valued at about $39,000. Finally, True Wealth Design LLC raised its holdings in shares of DuPont de Nemours by 2,378.9% in the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after buying an additional 452 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $78.43 on Wednesday. The firm has a market capitalization of $32.78 billion, a P/E ratio of 41.28, a PEG ratio of 1.69 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 business has a 50-day moving average of $79.33 and a 200-day moving average of $81.41. 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 (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 EPS. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on DD. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada lifted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays lifted 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. BMO Capital Markets cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.