Traynor Capital Management Inc. Buys 525 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Traynor Capital Management Inc. lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 15.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,020 shares of the basic materials company’s stock after buying an additional 525 shares during the quarter. Traynor Capital Management Inc.’s holdings in DuPont de Nemours were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL purchased a new stake in shares of DuPont de Nemours in the second quarter worth $27,000. Quarry LP bought a new position in DuPont de Nemours in the 2nd quarter worth $37,000. Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours in the 3rd quarter worth $38,000. FSA Wealth Management LLC purchased a new stake in DuPont de Nemours in the 3rd quarter worth $39,000. Finally, True Wealth Design LLC raised its holdings in DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 452 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

NYSE:DD opened at $78.17 on Friday. The firm has a market capitalization of $32.67 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 1.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The business has a 50 day simple moving average of $79.11 and a 200-day simple moving average of $81.36. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the company earned $0.92 earnings per share. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DD. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday. 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 report on Friday, January 17th. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley raised their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Finally, BMO Capital Markets decreased their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours 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.