Claro Advisors LLC Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Claro Advisors LLC reduced its stake in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 29.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,735 shares of the basic materials company’s stock after selling 1,969 shares during the quarter. Claro Advisors LLC’s holdings in DuPont de Nemours were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DD. Acadian Asset Management LLC increased its position in DuPont de Nemours by 1,285.4% in the second quarter. Acadian Asset Management LLC now owns 12,372 shares of the basic materials company’s stock worth $993,000 after buying an additional 11,479 shares during the last quarter. American Century Companies Inc. raised its stake in DuPont de Nemours by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock valued at $7,733,000 after acquiring an additional 20,266 shares during the period. Oppenheimer & Co. Inc. raised its stake in DuPont de Nemours by 74.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 26,070 shares of the basic materials company’s stock valued at $2,098,000 after acquiring an additional 11,137 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in DuPont de Nemours during the second quarter valued at about $621,000. Finally, Rathbones Group PLC boosted its position in DuPont de Nemours by 2.9% during the second quarter. Rathbones Group PLC now owns 5,316 shares of the basic materials company’s stock worth $428,000 after purchasing an additional 151 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $75.31 on Wednesday. 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 debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a market cap of $31.48 billion, a P/E ratio of 39.64, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The firm’s fifty day moving average price is $80.02 and its 200-day moving average price is $81.47.

DuPont de Nemours (NYSE:DDGet Free Report) 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. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DD. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Citigroup cut their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Wells Fargo & Company increased their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $95.25.

Read Our Latest Report on DD

DuPont de Nemours Profile

(Free Report)

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.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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