True North Advisors LLC Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

True North Advisors LLC raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,277 shares of the basic materials company’s stock after purchasing an additional 425 shares during the quarter. True North Advisors LLC’s holdings in DuPont de Nemours were worth $3,147,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours during the second quarter valued at $27,000. Quarry LP purchased a new stake in shares of DuPont de Nemours during the second quarter valued at about $37,000. Ashton Thomas Securities LLC acquired a new stake in DuPont de Nemours in the third quarter valued at approximately $38,000. FSA Wealth Management LLC purchased a new position in DuPont de Nemours during the 3rd quarter worth $39,000. Finally, True Wealth Design LLC grew its stake in shares of DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 452 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on DD. BMO Capital Markets cut their target price on DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Citigroup dropped their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Morgan Stanley lifted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. cut their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.00.

DuPont de Nemours Stock Down 1.1 %

Shares of NYSE DD opened at $77.60 on Thursday. 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 firm has a 50-day moving average price of $79.21 and a 200 day moving average price of $81.38. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The stock has a market capitalization of $32.43 billion, a price-to-earnings ratio of 40.84, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion for 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%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 EPS. Equities research analysts anticipate 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.