Outfitter Financial LLC Lowers Stake in DuPont de Nemours, Inc. (NYSE:DD)

Outfitter Financial LLC lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,076 shares of the basic materials company’s stock after selling 320 shares during the quarter. DuPont de Nemours comprises 1.3% of Outfitter Financial LLC’s holdings, making the stock its 27th biggest position. Outfitter Financial LLC’s holdings in DuPont de Nemours were worth $1,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at about $29,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at $33,000. R Squared Ltd purchased a new position in DuPont de Nemours in the 4th quarter valued at about $37,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours in the third quarter worth approximately $38,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DD. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Wolfe Research upgraded 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. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company dropped their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $82.80 on Friday. The business has a fifty day simple moving average of $77.67 and a 200-day simple moving average of $81.17. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $67.77 and a 12 month high of $90.06. The stock has a market cap of $34.62 billion, a PE ratio of 49.58, a price-to-earnings-growth ratio of 2.14 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours 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.