Empirical Finance LLC Cuts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Empirical Finance LLC reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,061 shares of the basic materials company’s stock after selling 326 shares during the period. Empirical Finance LLC’s holdings in DuPont de Nemours were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Kingsview Wealth Management LLC grew its holdings in DuPont de Nemours by 12.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 13,383 shares of the basic materials company’s stock valued at $1,020,000 after purchasing an additional 1,515 shares during the period. Apollon Wealth Management LLC grew its stake in DuPont de Nemours by 15.6% in the 4th quarter. Apollon Wealth Management LLC now owns 14,641 shares of the basic materials company’s stock valued at $1,116,000 after acquiring an additional 1,977 shares during the period. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth $29,000. Cidel Asset Management Inc. raised its position in DuPont de Nemours by 5.7% during the fourth quarter. Cidel Asset Management Inc. now owns 5,693 shares of the basic materials company’s stock worth $434,000 after acquiring an additional 309 shares during the period. Finally, Appleton Partners Inc. MA purchased a new position in DuPont de Nemours during the fourth quarter valued at $2,045,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday. 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 note on Friday, January 17th. BMO Capital Markets reduced their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Finally, StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. One research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.42.

DuPont de Nemours Trading Up 0.6 %

Shares of DD opened at $76.25 on Tuesday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $77.57 and a 200 day moving average price of $81.07. DuPont de Nemours, Inc. has a 12-month low of $66.10 and a 12-month high of $90.06. The firm has a market capitalization of $31.87 billion, a P/E ratio of 40.13, a P/E/G ratio of 1.70 and a beta of 1.34.

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.