5,890 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, Holdings Channel reports. The firm bought 5,890 shares of the basic materials company’s stock, valued at approximately $449,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in DuPont de Nemours by 2.4% in the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after purchasing an additional 399,728 shares during the period. Geode Capital Management LLC raised its position in shares of DuPont de Nemours by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after buying an additional 100,198 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares during the period. Legal & General Group Plc increased its stake in shares of DuPont de Nemours by 0.7% during the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after acquiring an additional 25,857 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of DuPont de Nemours by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock valued at $247,501,000 after acquiring an additional 39,189 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DD. Citigroup decreased their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Morgan Stanley lifted 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. Barclays upped their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

DuPont de Nemours Stock Performance

Shares of DD opened at $78.17 on Friday. 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, Inc. has a one year low of $61.14 and a one year high of $90.06. The company’s fifty day moving average price is $79.11 and its 200 day moving average price is $81.36. The company has a market capitalization of $32.67 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share 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 analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current 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.