By otakuyassine3@gmail.com 
Orca Wealth Management LLC acquired a new position in DuPont de Nemours, Inc. (NYSE:DD – Free Report) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 7,469 shares of the basic materials company’s stock, valued at approximately $569,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Assenagon Asset Management S.A. boosted its stake in shares of DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after acquiring an additional 859,333 shares in the last quarter. Franklin Resources Inc. boosted its position in DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares during the period. Zacks Investment Management acquired a new position in DuPont de Nemours during the third quarter valued at approximately $42,810,000. Two Sigma Advisers LP grew its holdings in DuPont de Nemours by 48.3% during the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after purchasing an additional 461,400 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of DuPont de Nemours by 164.9% in the third quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock valued at $63,983,000 after purchasing an additional 446,948 shares during the period. Institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Trading Down 0.5 %
Shares of DD stock opened at $76.28 on Wednesday. The firm has a fifty day moving average of $78.81 and a 200-day moving average of $81.31. The stock has a market cap of $31.88 billion, a price-to-earnings ratio of 40.15, a P/E/G ratio of 1.70 and a beta of 1.35. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-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.
DuPont de Nemours (NYSE:DD – Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently commented on DD. Morgan Stanley lifted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. BMO Capital Markets dropped their price objective on 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. Citigroup decreased their target price on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research report on Friday, January 17th. Finally, Wells Fargo & Company increased their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.00.
Check Out Our Latest Stock Analysis on DD
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.
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