Good Life Advisors LLC Sells 771 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Good Life Advisors LLC lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,265 shares of the basic materials company’s stock after selling 771 shares during the period. Good Life Advisors LLC’s holdings in DuPont de Nemours were worth $554,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DD. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth $26,000. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth about $29,000. Golden State Wealth Management LLC bought a new position in DuPont de Nemours in the 4th quarter valued at about $33,000. R Squared Ltd acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth approximately $38,000. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Royal Bank of Canada decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Thursday. Citigroup lifted their target price on 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, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $82.80 on Friday. The business has a 50 day moving average of $77.67 and a 200-day moving average of $81.17. The company has a market capitalization of $34.62 billion, a P/E ratio of 49.58, a P/E/G ratio of 2.19 and a beta of 1.34. DuPont de Nemours, Inc. has a 1 year low of $67.77 and a 1 year high of $90.06. 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 (NYSE:DD) last announced its quarterly 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 net margin of 5.47% and a return on equity of 7.12%. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

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.