Bryn Mawr Capital Management LLC Sells 63,789 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Bryn Mawr Capital Management LLC cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 85.7% in the 4th quarter, HoldingsChannel reports. The firm owned 10,658 shares of the basic materials company’s stock after selling 63,789 shares during the period. Bryn Mawr Capital Management LLC’s holdings in DuPont de Nemours were worth $813,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in DuPont de Nemours by 2.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock worth $1,793,000 after acquiring an additional 540 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in DuPont de Nemours by 8.0% during the third quarter. Foundations Investment Advisors LLC now owns 4,837 shares of the basic materials company’s stock worth $431,000 after purchasing an additional 360 shares during the last quarter. Eastern Bank purchased a new position in shares of DuPont de Nemours in the 3rd quarter worth about $565,000. Private Advisor Group LLC increased its position in shares of DuPont de Nemours by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 70,464 shares of the basic materials company’s stock valued at $6,279,000 after purchasing an additional 377 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of DuPont de Nemours by 4,211.4% during the 3rd quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company’s stock valued at $22,363,000 after buying an additional 245,143 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.5 %

NYSE DD opened at $82.80 on Friday. The business’s 50-day moving average is $77.67 and its 200 day moving average is $81.17. The stock has a market capitalization of $34.62 billion, a PE ratio of 49.58, a PEG ratio of 2.19 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 1 year low of $67.77 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

Wall Street Analyst Weigh In

DD has been the subject of several research reports. Wells Fargo & Company cut their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Citigroup upped their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.75.

About DuPont de Nemours

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.