Meyer Handelman Co. Sells 3,378 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Meyer Handelman Co. reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,626 shares of the basic materials company’s stock after selling 3,378 shares during the period. Meyer Handelman Co.’s holdings in DuPont de Nemours were worth $8,359,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DD. Morgan Stanley boosted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $75.31 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The company has a market capitalization of $31.48 billion, a PE ratio of 39.64, a P/E/G ratio of 1.95 and a beta of 1.35. The company has a 50 day moving average price of $80.02 and a 200-day moving average price of $81.47. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06.

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, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current 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.