DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 57,705 shares of the basic materials company’s stock after selling 5,714 shares during the period. Fifth Third Bancorp’s holdings in DuPont de Nemours were worth $4,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours in the 2nd quarter worth about $27,000. Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours in the third quarter valued at approximately $38,000. FSA Wealth Management LLC acquired a new stake in shares of DuPont de Nemours in the third quarter worth approximately $39,000. Quarry LP purchased a new stake in shares of DuPont de Nemours during the second quarter worth approximately $37,000. Finally, True Wealth Design LLC raised its stake in 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 hedge funds and other institutional investors.

DuPont de Nemours Stock Down 1.2 %

Shares of NYSE:DD opened at $77.28 on Monday. The company has a market capitalization of $32.30 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 1.70 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The business has a 50-day moving average price of $79.02 and a 200 day moving average price of $81.37. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

DD has been the topic of several recent research reports. Citigroup lowered their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Royal Bank of Canada upped their price objective 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. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. Wells Fargo & Company upped their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.