abrdn plc Buys 2,520 Shares of DuPont de Nemours, Inc. (NYSE:DD)

abrdn plc grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 452,502 shares of the basic materials company’s stock after purchasing an additional 2,520 shares during the quarter. abrdn plc owned about 0.11% of DuPont de Nemours worth $34,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter valued at about $38,000. FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter valued at about $39,000. True Wealth Design LLC lifted its stake in shares of DuPont de Nemours by 2,378.9% in the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares during the period. R Squared Ltd acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at about $37,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter valued at about $47,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. BMO Capital Markets dropped their price target on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

DuPont de Nemours Stock Performance

DD stock opened at $77.15 on Thursday. The firm has a market cap of $32.24 billion, a PE ratio of 40.60, a P/E/G ratio of 1.68 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average of $78.01 and a 200-day moving average of $81.13. DuPont de Nemours, Inc. has a 12-month low of $63.62 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 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.