Hedges Asset Management LLC Has $1.24 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Hedges Asset Management LLC cut its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,300 shares of the basic materials company’s stock after selling 700 shares during the quarter. Hedges Asset Management LLC’s holdings in DuPont de Nemours were worth $1,243,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at $27,000. Quarry LP acquired a new position in shares of DuPont de Nemours during the second quarter valued at about $37,000. Ashton Thomas Securities LLC acquired a new position in shares of DuPont de Nemours during the third quarter valued at about $38,000. FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter worth about $39,000. Finally, True Wealth Design LLC grew 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 buying an additional 452 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

DD stock opened at $78.17 on Friday. 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 market cap of $32.67 billion, a PE ratio of 41.14, a P/E/G ratio of 1.71 and a beta of 1.35. The business has a 50 day moving average of $79.11 and a 200-day moving average of $81.36. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during 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 business’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DD shares. Wells Fargo & Company upped their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Morgan Stanley increased 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. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays upped their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday. One 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.00.

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.