Kestra Private Wealth Services LLC Has $1.94 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Kestra Private Wealth Services LLC lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,480 shares of the basic materials company’s stock after selling 1,046 shares during the period. Kestra Private Wealth Services LLC’s holdings in DuPont de Nemours were worth $1,943,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in DuPont de Nemours by 389.4% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,142 shares of the basic materials company’s stock valued at $280,000 after purchasing an additional 2,500 shares during the last quarter. Gateway Investment Advisers LLC acquired a new position in DuPont de Nemours during the third quarter valued at approximately $205,000. Ritholtz Wealth Management acquired a new position in DuPont de Nemours during the third quarter valued at approximately $227,000. Exchange Traded Concepts LLC grew its holdings in DuPont de Nemours by 793.2% during the third quarter. Exchange Traded Concepts LLC now owns 1,045 shares of the basic materials company’s stock valued at $93,000 after purchasing an additional 928 shares during the last quarter. Finally, Creative Planning grew its holdings in DuPont de Nemours by 1.1% during the third quarter. Creative Planning now owns 105,327 shares of the basic materials company’s stock valued at $9,386,000 after purchasing an additional 1,161 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DD. JPMorgan Chase & Co. reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Citigroup reduced their price objective on DuPont de Nemours from $92.00 to $88.00 in a research report on Monday. Wolfe Research raised 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. Finally, BMO Capital Markets reduced their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $97.42.

DuPont de Nemours Stock Up 6.8 %

Shares of DD stock opened at $81.44 on Wednesday. The stock has a market cap of $34.04 billion, a P/E ratio of 42.86, a price-to-earnings-growth ratio of 1.70 and a beta of 1.34. DuPont de Nemours, Inc. has a one year low of $66.10 and a one year high of $90.06. The stock has a fifty day moving average price of $77.54 and a 200 day moving average price of $81.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. Analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share 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.