Ballast Inc. Has $1.34 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Ballast Inc. increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,595 shares of the basic materials company’s stock after buying an additional 692 shares during the period. Ballast Inc.’s holdings in DuPont de Nemours were worth $1,342,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Fortitude Family Office LLC boosted its position in DuPont de Nemours by 32.0% during the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 132 shares during the last quarter. Focus Financial Network Inc. lifted its stake in shares of DuPont de Nemours by 3.7% in the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 143 shares during the period. Busey Bank grew its stake in DuPont de Nemours by 4.7% during the third quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 145 shares during the period. GHP Investment Advisors Inc. increased its holdings in DuPont de Nemours by 15.7% in the third quarter. GHP Investment Advisors Inc. now owns 1,104 shares of the basic materials company’s stock worth $98,000 after purchasing an additional 150 shares in the last quarter. Finally, Axiom Advisory LLC lifted its stake in DuPont de Nemours by 2.3% in the third quarter. Axiom Advisory LLC now owns 6,784 shares of the basic materials company’s stock valued at $605,000 after buying an additional 153 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DD has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective 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. Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Price Performance

DD stock opened at $77.50 on Friday. The firm has a 50 day simple moving average of $79.53 and a two-hundred day simple moving average of $81.41. The stock has a market cap of $32.39 billion, a PE ratio of 40.79, a P/E/G ratio of 1.53 and a beta of 1.35. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The business 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 revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. On average, analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

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.