Truist Financial Corp Cuts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Truist Financial Corp lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,128 shares of the basic materials company’s stock after selling 27,301 shares during the quarter. Truist Financial Corp’s holdings in DuPont de Nemours were worth $13,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of DD. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at $29,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at $33,000. R Squared Ltd purchased a new position in DuPont de Nemours in the fourth quarter valued at $37,000. Finally, Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours in the third quarter valued at $38,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DD shares. JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. BMO Capital Markets increased their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada decreased 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 Monday, February 10th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Price Performance

Shares of DD opened at $82.80 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $67.77 and a fifty-two week high of $90.06. The company has a market capitalization of $34.62 billion, a price-to-earnings ratio of 49.58, a price-to-earnings-growth ratio of 2.19 and a beta of 1.34. The firm has a 50-day simple moving average of $77.67 and a 200-day simple moving average of $81.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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 anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current 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.