Kentucky Trust Co Acquires New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Kentucky Trust Co acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,023 shares of the basic materials company’s stock, valued at approximately $383,000.

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

Analyst Ratings Changes

Several analysts have issued reports on DD shares. JPMorgan Chase & Co. cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Citigroup cut their price target on DuPont de Nemours from $92.00 to $88.00 in a report on Monday. Barclays boosted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.42.

DuPont de Nemours Stock Performance

NYSE DD opened at $81.44 on Wednesday. The firm has a market cap of $34.04 billion, a price-to-earnings ratio of 42.86, a price-to-earnings-growth ratio of 1.70 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 price of $77.54 and a 200-day moving average price of $81.08. DuPont de Nemours, Inc. has a twelve month low of $66.10 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal 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.