HB Wealth Management LLC Has $841,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

HB Wealth Management LLC cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,024 shares of the basic materials company’s stock after selling 416 shares during the quarter. HB Wealth Management LLC’s holdings in DuPont de Nemours were worth $841,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in DuPont de Nemours by 26.7% in the second quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock valued at $7,733,000 after purchasing an additional 20,266 shares during the period. Sei Investments Co. grew its position in shares of DuPont de Nemours by 11.3% in the 2nd quarter. Sei Investments Co. now owns 370,915 shares of the basic materials company’s stock valued at $29,852,000 after buying an additional 37,618 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of DuPont de Nemours by 6.5% in the second quarter. ProShare Advisors LLC now owns 70,318 shares of the basic materials company’s stock valued at $5,660,000 after buying an additional 4,321 shares during the period. Frank Rimerman Advisors LLC bought a new position in shares of DuPont de Nemours during the second quarter worth about $257,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of DuPont de Nemours by 258.0% in the second quarter. EverSource Wealth Advisors LLC now owns 2,137 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 1,540 shares during the period. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $78.43 on Wednesday. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The stock’s 50 day moving average is $79.33 and its 200-day moving average is $81.41. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $32.78 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 1.69 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data 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 firm had revenue of $3.19 billion for 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.92 earnings per share. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. dropped their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. BMO Capital Markets decreased 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, StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.00.

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.