Fiduciary Alliance LLC Makes New $249,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Fiduciary Alliance LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, HoldingsChannel reports. The firm acquired 3,263 shares of the basic materials company’s stock, valued at approximately $249,000.

Several other large investors have also recently made changes to their positions in DD. Jennison Associates LLC increased its holdings in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after buying an additional 9,730 shares during the last quarter. Appian Way Asset Management LP purchased a new position in DuPont de Nemours in the second quarter worth about $2,978,000. Principal Financial Group Inc. increased its stake in DuPont de Nemours by 4.6% during the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 21,435 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in shares of DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company’s stock valued at $3,215,000 after purchasing an additional 10,012 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of DuPont de Nemours by 17.6% in the 3rd quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock valued at $6,573,000 after purchasing an additional 11,019 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DD shares. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays upped their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company raised their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Citigroup cut their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Price Performance

Shares of DD stock opened at $75.31 on Wednesday. The company has a market cap of $31.48 billion, a P/E ratio of 39.64, a PEG ratio of 1.95 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 stock’s 50-day moving average is $80.02 and its 200 day moving average is $81.47. 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 posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during 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%. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. Research analysts predict that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal 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.