PFG Investments LLC Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

PFG Investments LLC raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,247 shares of the basic materials company’s stock after acquiring an additional 307 shares during the quarter. PFG Investments LLC’s holdings in DuPont de Nemours were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of 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 during the last quarter. Franklin Resources Inc. boosted its stake in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares during the last quarter. Zacks Investment Management purchased a new position in shares of DuPont de Nemours during the 3rd quarter worth $42,810,000. Two Sigma Advisers LP boosted its stake in shares of DuPont de Nemours by 48.3% during the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after acquiring an additional 461,400 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of DuPont de Nemours by 164.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock worth $63,983,000 after acquiring an additional 446,948 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $76.28 on Wednesday. The firm’s fifty day moving average is $78.81 and its two-hundred day moving average is $81.31. 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. The company has a market cap of $31.88 billion, a P/E ratio of 40.15, a P/E/G ratio of 1.70 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $0.92 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DD shares. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley lifted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Citigroup lowered their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Finally, 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 note on Friday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

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.